Clean energy player ReNew attracts $100-M in 10-year financing facility from FMO

Gurugram-based ReNew has raised a USD 100-M financing facility from the Dutch entrepreneurial development bank FMO. The transaction was extended to ReNew Solar Power under the Voluntary Retention Route. It is the largest single-ticket investment by FMO in the Indian energy sector to date.ReNew has earmarked this 10-year financing for its renewable energy projects currently under construction. The facility qualifies under the 2X Challenge, an initiative focused on promoting women’s economic participation and empowerment.Founded in 2011, ReNew offers clean and green energy solutions, including wind, solar, hybrid & hydropower.