ReNew Energy raises $600M via senior secured green bond issuance

ReNew Energy's successful issuance of $600 million in 6.5% senior secured green bonds due in 2031 represents a significant financing event for the company and underscores investor confidence in its renewable energy portfolio. The bonds, issued through ReNew's GIFT City subsidiary, attracted strong demand from institutional investors across Asia, the UK, and the US, demonstrating the global appeal of ReNew's green initiatives. The involvement of prominent legal advisors like Linklaters and Clifford Chance, along with a consortium of international banks including Barclays, BNP Paribas, Deutsche Bank, HSBC, MUFG, Standard Chartered Bank, Credit Agricole CIB, J.P Morgan, DBS Bank Ltd, and SMBC Nikko, further validates the deal's credibility and market significance. This transaction highlights the increasing importance of green financing in the renewable energy sector, particularly in emerging markets like India. ReNew Energy's ability to secure such a substantial amount of capital through green bonds will likely support its expansion plans and contribute to the growth of renewable energy capacity in the region. The deal also demonstrates the attractiveness of GIFT City as a hub for international financial transactions, particularly those related to sustainable investments. The involvement of numerous global lenders signals a strong appetite for renewable energy projects in India and the broader Asia-Pacific region.