Abu Dhabi Future Energy Company, widely known as Masdar, has exited the investor consortium that was seeking to take Indian renewable energy firm ReNew Energy Global private.
In a statement to AGBI, Masdar confirmed it had withdrawn from the bidding group for shares not already held by the consortium.
“Masdar remains focused on expanding its international investments, building on several successful transactions completed over the past 12 months,” the company said.
It added that Masdar is targeting a portfolio capacity of 100 gigawatts by 2030 and has a robust development pipeline to support this objective.
State-owned Masdar had been leading the four-member consortium, which currently controls nearly two-thirds of ReNew.
