Renewable energy firm ReNew Energy Global Plc has finalized a significant agreement securing up to USD 1 billion (EUR 926m) in support to bolster the financing and advancement of critical energy transition projects, both domestically and internationally.
The company has entered into a memorandum of understanding (MoU) with French lender Societe Generale SA pertaining to debt financing and advisory solutions over the next three years. The collaboration between the two entities aims to leverage their respective expertise in advancing utility-scale projects encompassing solar, wind, complex renewables, green hydrogen, energy storage, and solar panel manufacturing.
Katan Hirachand, chief executive and chief country officer of Societe Generale India, expressed the significance of the collaboration, stating, “This MoU marks an important step in our collaboration with ReNew – we look forward to supporting their significant growth ambitions and driving the deployment of green energy in the market.”
ReNew Energy Global stands as an independent power producer (IPP) with a clean energy portfolio totaling approximately 15.6 GW on a gross basis as of May 9, 2024.
