Renew Energy Global Plc is set to secure an about $800 million foreign-currency loan, the largest offshore financing from India so far this year. The facility should bolster the company’s liquidity, reduce near-term refinancing risk for project and corporate debt, and support growth plans. The deal could lift Renew’s credit profile and shares and may catalyze more offshore green financing activity in the Indian renewables sector.
Renew Energy Global Plc is set to secure an about $800 million foreign-currency loan, the largest offshore financing from India so far this year. The facility should bolster the company’s liquidity, reduce near-term refinancing risk for project and corporate debt, and support growth plans. The deal could lift Renew’s credit profile and shares and may catalyze more offshore green financing activity in the Indian renewables sector.
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