ReNew Power Raises $375 Million Via Green Bonds

India’s largest independent power generation company in the renewable energy sector. ReNew Power Limited has raised yet another round of funding from international investors as it continues to aggressively push to expand its project pipeline.

ReNew Power Thursday has concluded a green bond issue of US$375 million ( ₹ 2580 Crores ), which would be used for capital expenditure on green projects and refinancing external commercial borrowings.

The capital which has been raised with the help of green bond issue will be utilized for refinancing outstanding external commercial borrowings and as CapEx in eligible green projects.

Barclays (B&D), Goldman Sachs, HSBC, JP Morgan and YES Bank were the book runners for the green bond issue.

The dollar-denominated bonds have also received some of the excellent response and were fully subscribed by some of the excellent and leading fund managers, asset managers, banks and pension and life funds from across the US, Europe and Asia, according to the report which has been revealed.

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