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
Sale of 100 MW/117.5 MWp solar project in Tamil Nadu at ~$49 million enterprise value
Buyer: JLT Energy 9, wholly owned subsidiary of JLT Invest, France (Technique Solaire Group)
Expected cash inflow: ~$24 million, subject to closing adjustments
Definitive agreement signed March 23, 2026 between JLT Energy 9 and ReNew Solar Power Private Limited
Project commissioned September 2019 with 25-year PPA at TANGEDCO at INR 3.47 per unit
2024-25 net PLF of 18.55%; ReNew's only commissioned project in Tamil Nadu