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03 Mar 2018 8:46 AM, Tidings Shruti Shah

ReNew Power raises Rs.10 billion from HSBC Bank

To finance its new projects

ReNew Power Ventures has raised Rs.10 billion from HSBC Bank via non-convertible debentures for its new projects. According to the company founder chairman and chief executive officer, the company had earlier raised funds from Goldman Sachs, Abu Dhabi Investment Authority, Asian Development Bank and Global Environment Fund. The company has signed memorandum of understanding with state governments of Andhra Pradesh and Uttar Pradesh to invest a total of Rs.21 billion on setting up wind and solar power projects up to 3,200 megawatt capacity.

1. https://www.thehindubusinessline.com/todays-paper/tp-news/article22914828.ece