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Fourth Partner Energy acquires on-site solar assets of ReNew Power

Friday, 21 Jan 2022
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Hyderabad-based Fourth Partner Energy has acquired the onsite distributed solar generation portfolio of ReNew Power for Rs 650 crore.

ReNew Power has a total power generating capacities of 140 MW spread over 100 projects in India. Most of these projects are operational and the energy generated is consumed at the local level.

As per the sources, ReNew Power, henceforth intends to concentrate in areas like energy storage, green hydrogen and large-scale corporate deployments.

As of December 2021, ReNew Power had a total capacity of about 10.3 GW of renewable energy projects, including commissioned and committed projects.

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