Ostro Energy's assets are spread across Andhra Pradesh, Karnataka, Telangana, Rajasthan, Madhya Pradesh and Gujarat. The Ostro portfolio is also diversified by off takers and also by OEMs, further complementing the ReNew Power portfolio.

Concurrent with this transaction, Canada Pension Plan Investment Board (CPPIB) is investing an additional US$247 million to support ReNew Power's financing for this acquisition. As a result, the CPPIB's combined investment in ReNew Power now stands at US$391 million, following an earlier investment of US$ 144 million in January 2018.

END