On October 22, 2026, ReNew Energy Global Plc ("ReNew") announced that it has signed binding agreements for sale of its controlling shareholding in the digital platform 3E, one of Europe’s leading renewable energy asset performance management and analytics platforms.

 

The transaction involves sale of ReNew’s equity shareholding to Hg, a prominent London-headquartered private equity firm specializing in software and technology-enabled services buyouts across Europe and North America. The firm targets mission-critical enterprise software, workplace automation, and digital workflow businesses. This is a full exit from the investment made in 3E. This transaction is part of ReNew’s capital recycling strategy and shall realize c. INR 8,000 Mn (c.US$ 84 Mn(1)) cash on an investment of c. INR 4,675 Mn (c.US$ 56 Mn(2)) through sale proceeds & redemption of shareholder loans.

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