ExchangeDEX+
Buy CryptoMarketsSpotFutures500XEarnEvents
More
ETHFI EuphoriaETHFI
Abu Dhabi Future Energy Company, better known as Masdar, has withdrawn from the investor consortium that planned to take Indian clean energy company ReNew EnergyAbu Dhabi Future Energy Company, better known as Masdar, has withdrawn from the investor consortium that planned to take Indian clean energy company ReNew Energy

Masdar confirms leaving ReNew buyout consortium

Author: AgbiSource: Agbi
2025/12/17 11:55
FUTURECOIN
FUTURE$0.11858-1.11%
Overtake
TAKE$0.32922-3.01%
Notcoin
NOT$0.0005191-2.73%

Abu Dhabi Future Energy Company, better known as Masdar, has withdrawn from the investor consortium that planned to take Indian clean energy company ReNew Energy Global private.

In a statement to AGBI, Masdar confirmed it had pulled out of the bidding consortium for shares not already owned by the consortium.

“Masdar is committed to further international investment, following several successful transactions in the last 12 months,” the statement said.

The company aims to reach a portfolio capacity of 100 gigawatts (GW) by 2030 and has a strong growth pipeline to achieve that ambition, it added.

State-owned Masdar was leading the four-member consortium, which controls almost two-thirds of ReNew.

The company informed the other members — the Canada Pension Plan Investment Board, the Abu Dhabi Investment Authority and ReNew founder Sumant Sinha — about its decision on Sunday, ReNew said in a US Securities and Exchange Commission filing.

“As a result, the consortium will no longer pursue the proposed transaction,” the filing added.

Further reading:

  • Masdar diverts billions from hydrogen for power-hungry AI
  • Masdar IPO could help accelerate Gulf’s energy transition
  • Masdar secures nearly $5bn funding for UK wind farm

The consortium had revised up its offer by 15.3 percent to $8.15 per share in October, from the initial bid of $7.07 per share made in December 2024.

ReNew shares, which are listed on the Nasdaq, fell nearly 28 percent on Monday to a 52-week low of $5.26 following Masdar’s pullout. The stock closed 6 percent lower at $5.19 on Tuesday.

In December, the consortium announced plans to take ReNew Energy private.

“With the negotiations dragging out for so long […] Masdar’s board seems to have taken a call to focus elsewhere,” India’s Economic Times reported, quoting unidentified sources. 

As of September 30, ReNew’s portfolio comprised about 18.5GW of clean energy projects, including those still under construction. 

Market Opportunity
FUTURECOIN Logo
FUTURECOIN Price(FUTURE)
$0.11858
$0.11858$0.11858
-1.96%
USD
FUTURECOIN (FUTURE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Visa Expands USDC Stablecoin Settlement For US Banks

Visa Expands USDC Stablecoin Settlement For US Banks

The post Visa Expands USDC Stablecoin Settlement For US Banks appeared on BitcoinEthereumNews.com. Visa Expands USDC Stablecoin Settlement For US Banks
Share
BitcoinEthereumNews2025/12/17 15:23
Nasdaq Company Adds 7,500 BTC in Bold Treasury Move

Nasdaq Company Adds 7,500 BTC in Bold Treasury Move

The live-streaming and e-commerce company has struck a deal to acquire 7,500 BTC, instantly becoming one of the largest public […] The post Nasdaq Company Adds 7,500 BTC in Bold Treasury Move appeared first on Coindoo.
Share
Coindoo2025/09/18 02:15
Curve Finance votes on revenue-sharing model for CRV holders

Curve Finance votes on revenue-sharing model for CRV holders

The post Curve Finance votes on revenue-sharing model for CRV holders appeared on BitcoinEthereumNews.com. Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin liquidity pools (WBTC, cbBTC, tBTC), with 35–65% of revenue distributed to veCRV stakers. The DAO vote runs from up to Sept. 24, with the proposal seen as a major step to strengthen CRV tokenomics after past liquidity and governance challenges. Curve Finance founder Michael Egorov has introduced a proposal to give CRV token holders a more direct way to earn income, launching a system called Yield Basis that aims to turn the governance token into a sustainable, yield-bearing asset.  The proposal has been published on the Curve DAO (CRV) governance forum, with voting open until Sept. 24. A new model for CRV rewards Yield Basis is designed to distribute transparent and consistent returns to CRV holders who lock their tokens for veCRV governance rights. Unlike past incentive programs, which relied heavily on airdrops and emissions, the protocol channels income from Bitcoin-focused liquidity pools directly back to token holders. To start, Curve would mint $60 million worth of crvUSD, its over-collateralized stablecoin, with proceeds allocated across three pools — WBTC, cbBTC, and tBTC — each capped at $10 million. 25% of Yield Basis tokens would be reserved for the Curve ecosystem, and between 35% and 65% of Yield Basis’s revenue would be given to veCRV holders. By emphasizing Bitcoin (BTC) liquidity and offering yields without the short-term loss risks associated with automated market makers, the protocol hopes to draw in professional traders and institutions. Context and potential impact on Curve Finance The proposal comes as Curve continues to modify…
Share
BitcoinEthereumNews2025/09/18 14:37