Deal Street

November 16, 2017

ReNew Power to buy KC Thapar Groups wind power biz for Rs 1,000 crore

wind power

Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India’s biggest renewable energy player strengthen its position in the rapidly consolidating sector.

ReNew Power will acquire three fully operational plants with a total capacity of 103 megawatts in Andhra Pradesh in one of the biggest deals in renewable energy sector this year.

HSA Advocates along with a team led by Managing Partner Amitabh Sharma along with Partner Harvinder Singh and Principal Associate Devika Chadha acted for KC Thapar Group.

The regulatory advise aspects of the transaction was led by Partner Mazag Andrabi. Associate Partner Akshay Malhotra led the projects related aspects of the transaction.

IndusLaw acted for ReNew Power. Their team was led by Partner Navin Syeim along with Principal Associate Divya Varghese, Senior Associate Rohan Ghosh and Associates Kumar Gaurav, Niyati Bhatt and Shruti Barua.

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