ReNew Power raises up to $350 million in debt funding from OPIC
Mumbai: ReNew Power Ltd, one of the largest renewable energy companies in India, has secured fresh debt financing of up to $350 million from existing investor Overseas Private Investment Corp. (OPIC), the US government’s development finance institution, the company said on Thursday.
In March 2016, OPIC had granted a loan of $250 million to ReNew Power. The money will be used to fund the construction of new wind and solar power plants.
“This fresh round of debt funding from OPIC is a validation of ReNew Power’s strong performance as a provider of clean, affordable energy in India.
