Ayana Renewable Power completed the acquisition of Renew Power's 434MWp solar power project for $71m.

Synopsis

Ayana Renewable Power, an independent solar and wind generation company, completed the acquisition of Adyah Solar, a 434MWp solar power project, from Renew Power, a renewable energy company, for $71m.

Principals

target

Renew Power Private (adyah Solar Private Ltd)

bidder

Ayana Renewable Power

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Market Context

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Bidder Team (2)

prateek jhawar

Executive Director at Avendus

Financial Advisor

bidder

Deals

£ 526 M

Total Value

shivanand nimbargi

Managing Director and CEO at AYANA RENEWABLE POWER

Manager

bidder

Deal

£ 53 M

Total Value

Vendor Team (1)

sumant sinha

CEO at RENEW POWER PRIVATE LTD

Manager

vendor

Deals

£ 6.97 B

Total Value

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