- Here's a chance to invest in India's largest renewable energy pure-play company, ReNew Power; the market opportunity is abundant and the transition towards solar/wind is firing at full cylinders domestically.
- Riverside Management Group is taking ReNew public via a SPAC deal; the capital raised is meant for pursuing growth and deleveraging the balance sheet.
- ReNew has 5.5GW in operational capacity and 4.5GW in committed capacity; the nature of the commitments leaves ReNew with high visibility on future prospects, and thus financials and EBITDA growth.
- At an NTM EV/EBITDA of 9.7x, and a forecasted EBITDA CAGR in the 30% range, I'm long.
For further details see:
ReNew Power: Betting On Renewable Energy India