ReNew Power Ventures receives debt funding from ADB

ReNew Power Ventures Private Limited has secured a long-term loan of $390 million from the Asian Development Bank (ADB). The funding will be undertaken by ADB and the Leading Asia’s Private Sector Infrastructure Fund, administered by ADB. The proceeds of the loan will be utilised for the development of 709 MW capacity across Andhra Pradesh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh and Telangana.