ReNew Power to raise $800 million loan for debt refinancing
ReNew Power, one of India's biggest renewable energy players, is set to raise $800 million through a five-year loan arranged by Societe Generale, Standard Chartered, and SMBC.
The deal should wrap up next quarter and will bring in about 10 more lenders, with interest rates between 7.66% and 8.16%.
What's the money for?
This new loan will help refinance the $985 million ReNew raised back in 2022 for a massive 1,300MW project combining wind, solar, and battery storage across Maharashtra, Rajasthan, and Karnataka—basically making their clean energy projects cheaper to run.
By the numbers
Founded by Sumant Sinha, ReNew manages a huge 18.5 GW renewable portfolio as of March 31, 2025—putting it among the world's largest green energy companies.
They're also involved in green hydrogen and hybrid renewable energy projects.
Just last month, they secured another $331 million from the Asian Development Bank for an 837MW hybrid plant in Andhra Pradesh.