ReNew Energy Global agrees to sell controlling stake in 3E to Hg
RNW•ReNew agreed to sell its controlling stake in renewable energy analytics platform 3E to Hg, with the sale and shareholder loan redemptions expected to generate approximately INR 8 billion ($84 million) in cash. The transaction marks a full exit after an original investment of approximately INR 4.68 billion ($56 million).
1. Sale terms
ReNew signed binding agreements on October 22, 2026, to sell its controlling stake in 3E to Hg. Sale proceeds and shareholder loan redemptions will generate approximately INR 8 billion ($84 million) in cash, compared with an original investment of approximately INR 4.68 billion ($56 million). The sale marks a full exit from 3E as part of ReNew’s capital recycling strategy.
