ReNew Power Synergy Private Limited: Climate-Resilient Capacity Building and Derisking Finance Solutions for Smallholder Agroforestry Farmers (ADB-58406-002)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Odisha, Andhra Pradesh, Assam, Maharashtra
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 27, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ReNew Power Synergy Private Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 16, 2026

Disclosed by Bank Jul 10, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, the transaction technical assistance (TA) complements the senior secured debt financing in the form of nonconvertible debentures of up to 1,713 million from the ordinary capital resources of the Asian Development Bank (ADB) to ReNew Power Synergy Private Limited (ReNew Synergy) for the ReNew Carbon Credits Financing Project in India. The debt financing will be used to establish carbon sequestration and mitigation projects utilizing agroforestry, biochar, and improved cookstoves (ICS). The agroforestry project would include planting 22.5 million saplings for afforestation to sequester carbon in the states of Andhra Pradesh, Assam, Odisha and Maharashtra.

The TA will build the capacity of 1,000 smallholder farmers in Odisha, India, with at least 500 being women, in climate-resilient agroforestry systems, financial literacy, sustainable food security, and gender equality. It will also pilot a climate change derisking agricultural finance solution with at least one farmer producer organization (FPO). Climate-resilient agroforestry will reduce the vulnerability of farmers to climate change by focusing on (i) farm diversification to improve food security; (ii) climate- and crop-specific soil and nutrient management; (iii) improved water access and irrigation; and (iv) family-based farm decision-making and financial management. The TA trainings will align with the objectives of the governments of India and Odisha state to pursue Bhartiya Prakritik Krishi Paddhti, a form of natural farming that prioritizes traditional indigenous practices and the use of natural inputs. Training sessions will be available to all agroforestry farmers in communities where ReNew Synergy is implementing its projects, not just those working with ReNew Synergy. The TA promote gender equality by increasing women’s economic participation in agriculture, enhancing their influence on farm-level decision-making, and boosting their financial and technical capabilities. Further, the TA training materials will be shared with government agencies in India.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Bloomberg, ReNew Energy Global PLC operates as a renewable energy company. The Company focuses on developing wind, solar, and hydro energy projects. ReNew Energy Global serves clients in India.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - ReNew Energy Global PLC (formerly ReNew Power Ltd) Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leader:

Japnit Kaur
Email: kaur@adb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works