Decarbonization solutions company ReNew and Japan’s Mitsui have inked a $730 million (~₹69.53 billion) multi-currency refinancing for its 320 MW round-the-clock (RTC) renewable energy project in Tamil Nadu.

Societe Generale Corporate and Investment Banking acted as structuring bank, original mandated lead arranger and bookrunner, and green loan coordinator.

In March 2026, a consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest picked up a combined stake of approximately 11.3% in ReNew Green Energy Solutions, the commercial and industrial (C&I) platform of ReNew Energy Global. LeapFrog led the investment round, committing $50 million.

In the same month, ReNew Energy Global agreed to sell its 100 MW solar project in Tamil Nadu to France-based independent power producer Technique Solaire Group for approximately $49 million.

In November 2025, ReNew Solar Power won 200 MW in Railway Energy Management Company’s auction to supply 1,000 MW RTC renewable energy.

According to Mercom Capital Group’s Q1 2026 Solar Funding and M&A Report, corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025.

Last year, ReNew Energy Global secured an investment of ₹8.7 billion (~$100 million) from British International Investment, a UK-based development finance institution and impact investor. The funding will be utilized primarily to construct a 4 GW Tunnel Oxide Passivated Contact (TOPCon) cell facility in Dholera, Gujarat.

In 2025, ReNew signed a long-term agreement to develop a 150 MW solar project in Rajasthan. Under this partnership, Google will procure the project’s energy attributes from ReNew.

ReNew had announced an investment of approximately ₹600 billion (~$6.76 billion) to set up multiple green energy projects in Andhra Pradesh. It included a new investment to establish a 6 GW solar ingot-wafer manufacturing plant, a 2 GW pumped-hydro project, a 3,000 kilotons-per-annum green ammonia facility, and 5 GW of hybrid renewable energy projects, comprising wind, solar, and solar-battery energy storage systems.