Morgan Stanley-backed Continuum Green Energy raises $350 mn via bonds
Continuum Green Energy, a renewable energy platform, on Wednesday said it has raised USD 350 million (about Rs 2,786 crore) in debt through a bond issue to expand its solar hybrid and wind projects.
The company, which has a portfolio of 1.3 GW of assets either operational or nearing commissioning, issued senior secured floating rate notes to two marquee international institutional investors, as per an official statement.
“With these funds, the company aims to expand its portfolio to 2.5 GW, majority of which as wind and solar hybrid projects, servicing Commercial and Industrial (C&I) consumers, enabling them to meet their sustainability goals economically,” its founder and chief executive Arvind Bansal said.
