What will Radiance Renewables use the $100 million funding for?

The funds will be used to expand greenfield solar projects, hybrid wind-solar assets, behind-the-meter installations, battery energy storage solutions, and inter-state transmission projects.

What is the goal of Radiance Renewables' expansion with the new funding?

The expansion aims to scale its operational and under-development renewable energy portfolio beyond 2 gigawatt-peak and meet the rising demand for clean energy from India's commercial and industrial sector.

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Renewable Energy Boost: $100M Fuels India's Green Future

Q: Who invested $100 million in Radiance Renewables?

Radiance Renewables secured approximately $100 million in equity funding from Impact Fund Denmark and the Dutch entrepreneurial development bank FMO.

9 Feb

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Summary

Radiance Renewables secured $100 million in equity funding.
Investment aims to expand greenfield solar and hybrid assets.
Funds will support battery storage and transmission projects.

Renewable Energy Boost: $100M Fuels India's Green Future

Radiance Renewables, backed by Eversource Capital, has secured approximately $100 million in equity funding from Impact Fund Denmark and FMO. This capital infusion is set to propel the company's next phase of expansion within India's renewable energy sector.

The newly acquired funds will be strategically deployed across greenfield solar projects, hybrid wind-solar assets, and behind-the-meter installations. Radiance aims to enhance its service offerings for commercial and industrial clients.

This expansion will see Radiance's operational and under-development renewable energy portfolio grow beyond 2 gigawatt-peak. The company also plans to introduce battery energy storage solutions and invest in inter-state transmission projects.