ReNew Secures $1 Billion Funding from Societe Generale

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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.

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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