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Trust | Multi State - India | PID: 202916
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Energy firm ReNew has signed a memorandum of understanding (MoU) with European bank Societe Generale for up to USD one billion financing as debt and advisory solutions over the next three years. This will support the financing and development of the company's various strategic energy transition projects both in India and globally.
Both parties will help strengthen the collaboration on utility-scale energy projects including solar, wind, complex renewables and green hydrogen. They will leverage respective capabilities in energy storage and solar modules manufacturing. As a key milestone towards aspiration in India and worldwide, Societe Generale is a trusted partner for accelerated deployment of RE projects, and the partnership will contribute towards India's net zero goals.
ReNew has a clean energy portfolio of 15.6 GW. In addition to being a major independent power producer in India, it provides end-to-end solutions in clean energy, and value-added energy offerings through storage, and carbon markets to address climate change.
| Updated on: 22 - May - 2024
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