{"id":907529,"date":"2025-11-10T17:22:05","date_gmt":"2025-11-10T22:22:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\/"},"modified":"2025-11-10T17:22:05","modified_gmt":"2025-11-10T22:22:05","slug":"renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\/","title":{"rendered":"ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nPart of a US$477 million deal secured, ReNew will receive US$331 million from ADB, and the balance US$146 million will be arranged by ADB through other lenders\n<\/li>\n<li>\nProject expected to generate 1,641 GWh of clean energy annually, boosting grid stability and accelerating India\u2019s energy transition\n<\/li>\n<\/ul>\n<p>GURUGRAM, India&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nReNew Energy Global Plc (NASDAQ: RNW), India\u2019s leading renewable energy company and a preferred decarbonisation partner, today announced that it has secured US$331 million from the Asian Development Bank (ADB). This is a part of a US$477 million financial package secured that will support the development of a large-scale clean energy project in Andhra Pradesh. The balance US$146 million will be arranged by ADB through other lenders. The project integrates 837 MWp of wind and solar capacity with a 415 megawatt-hour (MWh) battery energy storage system (BESS). Designed to deliver 300 MW of peak power along with dependable baseload supply, the project will significantly enhance grid reliability and accelerate India\u2019s transition to a low-carbon energy future.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20251107903922\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251107903922\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251107903922\/en\/2636841\/4\/902602d4-0a78-4c39-925d-bf1446639327.jpg\" alt=\"Left to right: Mr. Bhargav Dasgupta, Vice-President for Market Solutions at ADB, and Mr. Sumant Sinha, Founder, Chairman and CEO of ReNew, exchanging MOU for a US$331 million deal\" \/><\/p>\n<p style=\"font-size:85%\">Left to right: Mr. Bhargav Dasgupta, Vice-President for Market Solutions at ADB, and Mr. Sumant Sinha, Founder, Chairman and CEO of ReNew, exchanging MOU for a US$331 million deal<\/p>\n<\/div>\n<p>\nThe US$331 million debt from ADB comprises up to US$291 million in local currency financing from ADB\u2019s ordinary capital resources and up to US$40 million from the ADB-administered Leading Asia\u2019s Private Infrastructure Fund 2 (LEAP 2), with ADB arranging the remainder.\n<\/p>\n<p>\nThe signing of financing agreements was presided by Bhargav Dasgupta, Vice-President for Market Solutions at ADB, and Sumant Sinha, Founder, Chairman and CEO of ReNew.\n<\/p>\n<p>\nSumant Sinha, Founder, Chairman and CEO of ReNew, said, \u201cIndia is entering a new phase of the clean energy transition under Prime Minister Modi\u2019s leadership. This phase is defined not only by scale, but by reliability and flexibility. This project demonstrates that renewable energy can now be delivered competitively at grid scale as per peak power demand requirements. Our long-standing collaboration with ADB has enabled us to continually push the boundaries of what is possible in clean energy infrastructure, and this partnership reinforces our shared commitment to building a resilient, low-carbon energy system for India.\u201d\n<\/p>\n<p>\n\u201cThis is the first peak power renewable energy project to be financed by ADB and is expected to generate about 1,641 gigawatt-hours of clean energy per year,\u201d said Mr. Dasgupta. \u201cCombining battery energy storage with wind\u2013solar hybrid systems is a game-changer unlocking dependable clean power, stabilizing the grid, and advancing the country\u2019s renewable energy sector.\u201d\n<\/p>\n<p>\nThe project deepens a long-standing relationship between ReNew and ADB, which has supported multiple investments aimed at decarbonising India\u2019s power sector. It also builds on the strategic cooperation outlined under a Memorandum of Understanding signed at UNFCCC COP28 to accelerate clean energy deployment and grid transformation.\n<\/p>\n<p>\nEarlier this year, in April, ReNew announced US$2.5 billion investment to develop a 2.8 GW hybrid renewable energy complex in Andhra Pradesh, one of India\u2019s largest at a single location. By integrating wind, solar, and battery storage, the project sets a blueprint for firm, dispatchable clean energy, delivering reliable power during peak demand and supporting India\u2019s low-carbon growth. Aligned with the Make in India mission, it will feature 100% domestically manufactured solar panels, advanced tracking systems, and waterless robotic cleaning to maximize output and conserve resources.\n<\/p>\n<p><b>About ReNew<\/b><\/p>\n<p>\nReNew is a leading decarbonisation solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew\u2019s clean energy portfolio of ~18.2 GW (+1.1 GW BESS) on a gross basis as of August 13, 2025, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that are increasingly integral to addressing climate change. In addition, ReNew has 6.4 GW of solar module, 2.5 GW of solar cell manufacturing and is expanding the solar cell capacity by 4GW. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.renew.com&amp;esheet=54354391&amp;newsitemid=20251107903922&amp;lan=en-US&amp;anchor=www.renew.com&amp;index=1&amp;md5=234b3615103b892b168b0a41d5c4c77c\">www.renew.com<\/a> and follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Frenew&amp;esheet=54354391&amp;newsitemid=20251107903922&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=9c9b9ed4748309465fc20e9373be0266\"><b>LinkedIn<\/b><\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FReNew4Earth%2F&amp;esheet=54354391&amp;newsitemid=20251107903922&amp;lan=en-US&amp;anchor=Facebook&amp;index=3&amp;md5=e8f124b1115d7953c8aea49030d560b7\"><b>Facebook<\/b><\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FReNewCorp&amp;esheet=54354391&amp;newsitemid=20251107903922&amp;lan=en-US&amp;anchor=X&amp;index=4&amp;md5=3e95b48c468baec8e510e771c83d539c\"><b>X<\/b><\/a>, and<b \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Faccounts%2Flogin%2F%3Fnext%3Dhttps%253A%252F%252Fwww.instagram.com%252Frenewcorp%252F%26is_from_rle&amp;esheet=54354391&amp;newsitemid=20251107903922&amp;lan=en-US&amp;anchor=Instagram&amp;index=5&amp;md5=ad65fc142b4449cd384900af833140dd\"><b>Instagram<\/b><\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251107903922r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20251107903922\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251107903922\/en\/<\/a><\/span><\/p>\n<p><b>Press Enquiries<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:pr@renew.com\">pr@renew.com<br \/>\n<\/a><\/p>\n<p><b>Investor Enquiries<br \/>\n<\/b><br \/>ReNew | Anunay Shahi, Nitin Vaid | <a rel=\"nofollow\" href=\"mailto:ir@renew.com\">ir@renew.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Ireland Asia Pacific United Kingdom Europe India<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Environment Other Energy Utilities Alternative Energy Manufacturing Green Technology Other Natural Resources Energy Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251107903922\/en\/2636841\/3\/902602d4-0a78-4c39-925d-bf1446639327.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Left to right: Mr. Bhargav Dasgupta, Vice-President for Market Solutions at ADB, and Mr. Sumant Sinha, Founder, Chairman and CEO of ReNew, exchanging MOU for a US$331 million deal<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251107903922\/en\/2637001\/3\/ReNewLogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh Part of a US$477 million deal secured, ReNew will receive US$331 million from ADB, and the balance US$146 million will be arranged by ADB through other lenders Project expected to generate 1,641 GWh of clean energy annually, boosting grid stability and accelerating India\u2019s energy transition GURUGRAM, India&#8211;(BUSINESS WIRE)&#8211; ReNew Energy Global Plc (NASDAQ: RNW), India\u2019s leading renewable energy company and a preferred decarbonisation partner, today announced that it has secured US$331 million from the Asian Development Bank (ADB). This is a part of a US$477 million financial package secured that will support the development of a large-scale clean energy project in Andhra &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-907529","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh Part of a US$477 million deal secured, ReNew will receive US$331 million from ADB, and the balance US$146 million will be arranged by ADB through other lenders Project expected to generate 1,641 GWh of clean energy annually, boosting grid stability and accelerating India\u2019s energy transition GURUGRAM, India&#8211;(BUSINESS WIRE)&#8211; ReNew Energy Global Plc (NASDAQ: RNW), India\u2019s leading renewable energy company and a preferred decarbonisation partner, today announced that it has secured US$331 million from the Asian Development Bank (ADB). This is a part of a US$477 million financial package secured that will support the development of a large-scale clean energy project in Andhra &hellip; Continue reading &quot;ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-10T22:22:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20251107903922\/en\/2636841\/4\/902602d4-0a78-4c39-925d-bf1446639327.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh\",\"datePublished\":\"2025-11-10T22:22:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\\\/\"},\"wordCount\":804,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20251107903922\\\/en\\\/2636841\\\/4\\\/902602d4-0a78-4c39-925d-bf1446639327.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/renew-and-asian-development-bank-announce-us331-million-deal-for-a-large-scale-renewable-energy-project-in-andhra-pradesh\\\/\",\"name\":\"ReNew and Asian Development Bank Announce US$331 million Deal for a Large-Scale Renewable Energy Project in Andhra Pradesh - 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