ReNew Secures $100 Million from BII to Boost India’s Renewable Energy Projects

ReNew, one of India’s leading renewable energy companies, has secured a $100 million follow-on investment from British International Investment (BII), the UK government’s development finance institution. The funding aims to support ReNew’s expansion of clean energy projects across India, particularly in underserved regions, and aligns with global goals to accelerate the energy transition.

The investment will support ReNew’s ongoing development of solar and wind power assets across the country. ReNew has been a key player in India’s renewable energy transition, operating more than 13 GW of capacity through a mix of solar, wind, and hydroelectric power. This latest infusion of capital from BII is a continuation of a long-standing partnership between the two entities, which began with BII’s initial investment in ReNew in 2017.

This new financial backing is expected to help ReNew build new utility-scale renewable projects and support decarbonization in key sectors. The funding is structured to provide flexible capital that will help the company meet India’s rising energy demands while reducing reliance on fossil fuels. India, the world’s third-largest emitter of greenhouse gases, has committed to achieving net-zero emissions by 2070. Investments like this are crucial in building infrastructure that supports these long-term climate goals.

The partnership also reflects a growing trend of international development finance institutions supporting clean energy initiatives in emerging markets. BII, which has pledged to channel 30% of its total investments into climate finance, views India as a strategic market due to its large population, energy needs, and climate commitments. This transaction reinforces BII’s commitment to the Indian renewable sector and its belief in ReNew’s capability to deliver clean, affordable energy at scale.

ReNew has continued to diversify its operations in recent years, entering new business verticals such as green hydrogen and energy storage. With the additional funds, the company plans to pursue integrated energy solutions and invest in technologies that can further reduce emissions across industries.

India has set ambitious targets of achieving 500 GW of non-fossil fuel energy capacity by 2030. ReNew’s projects play a key role in helping the country approach that target, and financial support from institutions like BII helps ensure consistent progress. The investment is expected to contribute significantly toward India’s renewable capacity expansion and provide clean energy access to underserved communities.

This deal also highlights the increasing importance of public-private partnerships in addressing climate change. By combining ReNew’s operational experience with BII’s capital and strategic oversight, the collaboration is positioned to deliver both environmental and economic value. This transaction builds on the momentum of previous financial partnerships and reflects confidence in India’s renewable energy market.

ReNew’s focus on innovation and sustainability continues to align with the priorities of global investors looking for impactful, scalable solutions to climate change. With this capital, the company is well-positioned to not only expand its domestic footprint but also explore potential international opportunities in clean energy.

In conclusion, the $100 million investment by BII represents a significant boost to India’s clean energy sector and supports the country’s long-term environmental objectives. ReNew's growing renewable energy portfolio, backed by strong financial partnerships, reinforces the shift toward sustainable infrastructure and low-carbon development. As global energy needs rise, investments like this are essential to building a resilient and green energy future for emerging economies like India.

Source: Sustainability Next