ReNew and Mitsui secure USD 730 million refinancing deal
pre-market1 source ↓written by the desknot a recommendation
- in India
- 320-MW hybrid portfolio
ReNew and Mitsui have secured a USD 730 million refinancing deal for their 320-MW hybrid portfolio in India, backed by a syndicate of 12 banks led by Standard Chartered and Bank of America. The funds will be used to repay existing debt and support project costs across Rajasthan, Maharashtra, and Karnataka.
This refinancing enhances the financial stability of the hybrid project, which combines wind, solar, and battery storage systems, ensuring a steady supply of renewable energy. 📈
Not investment advice. For informational purposes only.