Debt

Debt financing

ReNew Power secures $1-B ECB loan led by Rabobank

Business Line  

ReNew Power has secured a USD 1 Billion (about INR 7,900 crore) loan through the External Commercial Borrowings (ECB) route. The loan has been tied up with 12 international lenders, led by Rabobank through a special purpose vehicle (SPV). It will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.