ReNew Power, the fast-growing Indian renewables developer backed by Goldman Sachs, has acquired Ostro Energy in one of India’s largest ever renewable energy deals.

ReNew currently has more than 4.5GW of clean energy assets, including around 2.8GW of commissioned capacity. Ostro Energy has a portfolio with a total capacity of more than 1.1GW, with its assets spread across Andhra Pradesh, Karnataka, Telangana, Rajasthan, Madhya Pradesh and Gujarat.