The cash proceeds from the sale will stand at Rs 535 crore, after accounting for the debt of Rs 137 crore. With the sale, the run-rate-adjusted EBITDA for ReNew Power’s total portfolio will be reduced by Rs 70-72 crore.ReNew Power has sold its rooftop solar portfolio of 117 Mw to Bengaluru-based Fourth Partner Energy (FPE) at a value of Rs 672 crore. Fourth Partner Energy is backed by TPG and Norfund.

The cash proceeds from the sale will stand at Rs 535 crore, after accounting for the debt of Rs 137 crore. With the sale, the run-rate-adjusted EBITDA for ReNew Power’s total portfolio will be reduced by Rs 70-72 crore.


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