 ReNew signs binding agreements for the acquisition of two operating portfolios 99MW hydropower project in Uttarakhand, 260MW330MWp solar projects in the state of Telangana The combined enterprise value of the acquisitions is around INR 28.5 billion US 384.0 million Adds approximately INR 3.8 4.0 billion US 50.7 53.4 million of EBITDA on a full-year basis ReNew announces its entry into hydropower, enabling it to expand its offerings and provide value-added solutions to the market The transaction is expected to earn an equity return within ReNews targeted range and is another step towards meeting its growth targets GURGAON, India, Aug. 11, 2021 PRNewswire -- In line with its strategy of organic and inorganic expansion, ReNew Power ReNew or the Company, Indias leading renewable energy company, today announced the acquisition of two assets with a combined enterprise value of INR 28.5 billion US384.0 million, which are expected to generate INR 3.8 4.0 billion US 50.7 53.4 million of EBITDA annually. ReNew announced that it will acquire LT Uttaranchal Hydropower Ltd. 