ReNew Power plans to raise $320-350mn via offshore
Mumbai: India’s leading green energy company ReNew Power is planning to raise about $320-350 million through an overseas green bond sale as the company aims to expand capacity and repay high-cost local debt, three people with knowledge of the matter told ET.
The company is looking to raise the money through an “Orphan SPV” (special purpose vehicle) based out of Mauritius. Such SPVs are generally used in structured financing credit lines where for securitisation purposes, the equity of
