ReNew Energy Global Plc has successfully secured debt financing for its upcoming 837 MWp wind-solar hybrid project, which includes a battery energy storage system (BESS), marking another milestone in India’s renewable energy expansion.
The financing package, arranged with support from a consortium of domestic and international lenders, will fund the construction and operation of the hybrid facility designed to provide round-the-clock renewable power. This move underscores ReNew’s strategic focus on integrating renewable generation with advanced storage technologies to enhance grid stability and reliability.
Located across key renewable energy zones in India, the project will combine both solar and wind resources, supported by an advanced BESS to ensure consistent power delivery even during variable generation periods. Once operational, the hybrid park is expected to significantly contribute to India’s renewable energy targets, aligning with the government’s vision of achieving 500 GW of non-fossil fuel-based capacity by 2030.
According to ReNew, this financing achievement reflects growing investor confidence in India’s renewable energy market and the company’s leadership in developing innovative clean energy solutions. The company emphasized that the project would not only enhance grid efficiency but also set a precedent for large-scale hybrid renewable systems in the country.
This development follows ReNew’s continued expansion in hybrid and energy storage solutions, positioning it as a key player in driving India’s transition toward sustainable and resilient energy infrastructure.
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