6-K - ReNew Energy Global plc | StockGist

AI Analysis

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ReNew Energy Global Plc agreed to sell its 100 MW/117.5 MWp solar project in Tamil Nadu, operated by ReNew Solar Energy (Rajasthan) Private Limited, to Technique Solaire Group via JLT Energy 9 for an enterprise value of ~$49 million. The definitive agreement was signed on March 23, 2026, and is expected to generate ~$24 million cash inflow for ReNew upon closing subject to adjustments.

Key Takeaways

1Sale of 100 MW/117.5 MWp solar project in Tamil Nadu at ~$49 million enterprise value

2Buyer: JLT Energy 9, wholly owned subsidiary of JLT Invest, France (Technique Solaire Group)

3Expected cash inflow: ~$24 million, subject to closing adjustments

4Definitive agreement signed March 23, 2026 between JLT Energy 9 and ReNew Solar Power Private Limited

5Project commissioned September 2019 with 25-year PPA at TANGEDCO at INR 3.47 per unit

62024-25 net PLF of 18.55%; ReNew's only commissioned project in Tamil Nadu

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Transaction Details

Acquisition / Disposition

Target: ReNew Solar Energy (Rajasthan) Private Limited (RSERPL), 100 MW/117.5 MWp solar project in Tamil Nadu
Consideration: ~$49 million enterprise value; ~$24 million projected cash inflow, subject to closing adjustments (*$1=INR 93.93)
Structure: Sale of entity to JLT Energy 9, wholly owned subsidiary of JLT Invest, France (Technique Solaire Group)

•Definitive agreement signed March 23, 2026 between JLT Energy 9 and ReNew Solar Power Private Limited
•Expected to close following customary conditions

Exhibits (1)

6-K