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ReNew Secures $1 Billion Funding from Societe Generale

editor by editor
May 18, 2024
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ReNew has successfully obtained $1 billion in debt funding from Societe Generale, a European bank, to assist in the progression of its array of strategic energy transition initiatives, both domestically in India and on a global scale.

The company has entered into a MoU with Societe Generale to offer financing and advisory solutions for the next three years. They will utilise their combined expertise to enhance collaboration on large-scale energy projects, such as solar and wind power, complex renewables, green hydrogen, energy storage, and the manufacturing of solar modules.

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Recently, in May 2024, ReNew expanded its completely contracted renewable energy portfolio with the announcement of the signing of five power purchase agreements totaling around 2.2 GW of renewable energy capacity.

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