ReNew Wind Energy (TN 2) Private Limited - Karnataka (DFC-2017-RENEWWINDENER)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ReNew Wind Energy (TN 2) Private Limited –Telangana
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 74.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 98.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 18, 2020


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Project Description

According to the bank's documents, "The Projectis under the ReNewMaster Financing Facility, a $250 million financing facility for the development, construction, and operation of solar PV projects awarded under the Government of India’s Jawaharlal Nehru National Solar Mission. The Project will result in the construction of a 100 MW capacity solar PV located in the state of Telangana. The Project will diversify the country’s power generation mix with a clean source of renewable power. The Projectalso contributes to the U.S. Government’s commitment to assist India with its transition to a low carbon economy and to help India achieve the goals of the NSM, which is targeting an addition of 100 GW of solar power by 2022."

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • ReNew Wind Energy (TN 2) Private Limited –Telangana -- Implementing Company

The project's sponsor is ReNew Power Ventures Private Limited

Contact Information

No contact information provided at time of disclosure.