ReNew Signs MoUs for INR 640 Billion (~US $7.8 bn) for Green Energy Projects
PFC, REC commit to debt funding of INR 320 bn (~US
GURUGRAM,
According to the MoUs signed with the lenders at the Clean Energy Ministerial meeting in
In terms of the funding, ReNew is among the top companies to have signed agreements with the two leading financial institutions in
Kailash Vaswani, President, Corporate Finance at ReNew said: “We have a long-standing relationship with PFC and REC, who are among the biggest lenders to the energy sector. These MoUs will help us meet our current and future financing needs and demonstrate ReNew’s ability to raise long-term financing for large-scale green energy projects. We will leverage this relationship for our energy transition goals.”
About ReNew
ReNew is the leading decarbonisation solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew’s clean energy portfolio of ~13.4 GW on a gross basis as of September 30, 2022, is one of the largest globally. In addition to being a major independent power producer in
View source version on businesswire.com: https://www.businesswire.com/news/home/20230721773300/en/
Press Enquiries
ReNew | Corporate Communications | Shilpa Narani | shilpa.narani@renew.com
ReNew | Investor Enquiries | Nathan Judge, Nitin Vaid | ir@renew.com
Source: ReNew Energy Global Plc