ReNew Power Secures $450 Mn Funds Through Dollar Bonds

ReNew Power Secures $450 Mn Funds Through Dollar Bonds

SUMMARY

ReNew Power will invest $65 Mn for expanding operations according to its roadmap

The company was involved in one of the biggest funding deals in 2019 with a $350 Mn fundraise

ReNew Power is India's largest independent power producer in clean energy

Continuing its streak of big investments, clean energy startup ReNew Power has raised $450 Mn funding through a dollar bond issuance.

ReNew Power is planning to use this funding to refinance its previous borrowing, which will be maturing next year. Moreover, $65 Mn of the funding will be used to meet its future capital requirements.

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