Avendus Capital Advises Ayana Renewable in Acquiring 434MWp Solar Power SPV From Renew Power

Renewable Energy space is India has grown substantially in last 3-4 years and is now reaching a mature stage, dominated by high quality developers and investors. This transaction between two of the leading players in the Industry also highlights the second stage industry development with churn of high-quality assets from a portfolio rebalancing perspective. Ayana Renewable, promoted and backed by marquee institutions such as NIIF, GGEF and CDC is expected to play a large role in India’s goal of achieving its renewable energy deployment targets. This acquisition of a high-quality asset from Renew will help Ayana achieve its objective faster. We feel delighted assisting Ayana and its shareholders on this assignment. It also marks Avendus’s second transaction in renewable energy space in last 12 months.