ReNew secures $331 million for hybrid wind-solar project
pre-market1 source ↓written by the desknot a recommendation
- from the Asian
- $331 million
- featuring
- 837 MW hybrid wind-solar project
- featuring
- 415 MWh battery system
ReNew has secured $331 million from the Asian Development Bank to develop an 837 MW hybrid wind-solar project featuring a 415 MWh battery system. This initiative marks a significant step in India's renewable energy strategy, aiming to enhance clean energy generation.
The project underscores the growing investment in the renewable sector, potentially boosting market sentiment around clean energy stocks.
Not investment advice. For informational purposes only.