# Norfund and KLP invest $9m for 49% stake in ReNew transmission project

Norfund and KLP signed an agreement to invest approximately $9 million for a 49% stake in ReNew's second transmission project in Gadag district, Karnataka, India.

- Type: Acquisition
- Announced: 2023-11-15
- Where: Gadag district, Karnataka, India, India
- Value: $9.00M
- Status: announced
- Products: transmission infrastructure
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ReNew](https://endata.com/companies/73851.md)
- [Norfund](https://endata.com/companies/10604.md) (investor)
- [KLP](https://endata.com/companies/73852.md) (investor)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20231116521250/en/ReNew-Successfully-Commissions-Its-First-Interstate-Transmission-Scheme-ISTS-Project-Following-Investment-From-Norfund-and-KLP), 2023-11-16: "The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, sign agreement to invest approx. $9m (INR 730m) for 49% stake in the second project in Gadag district in Karnataka, India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.