Radiance Renewables has secured about USD 100 million in equity funding to support the next phase of its green energy expansion in India.
The investment has been led by Impact Fund Denmark and the Dutch entrepreneurial development bank with each investor committing around USD 50 million. Radiance Renewables which is backed by Eversource Capital, plans to deploy the capital across greenfield solar projects, hybrid wind solar assets, and behind the meter installations for its core commercial and industrial customers. The company intends to expand into battery energy storage solutions and invest in inter-state transmission projects to serve customers across key industrial states. The investment comes amid rising demand for clean and reliable power from India’s commercial and industrial segment.
