12 December 2024
12 December 2024
The consortium, which holds 64% voting rights in ReNew, has offered to buy shares at $7.07 each.
The Labour government has pledged to enhance living standards across the UK.
The initiative will focus on delivering tangible benefits to local communities.
The agreement underscores Solar N Plus' growing influence in the renewable energy sector.
The initiative enhances the efficiency of distribution companies and ensures reliable delivery of electricity.
The solar project can be expanded to 1GW capacity, implemented in phases of 250MW.
Construction at the offshore wind site is set to commence in early 2026.
The project has reached financial close, following the UK government's announcement of a £21.7bn commitment to CCUS initiatives.
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