Powering India’s Net-Zero Pathway: Radiance Renewables’ $100M Push Toward Integrated Clean Energy Systems

Radiance Renewables has secured $100 million in equity funding from Impact Fund Denmark and Dutch development bank FMO, marking a significant milestone in India’s clean energy transition and signalling a strategic shift toward system-level decarbonisation beyond conventional renewable capacity expansion.

The capital infusion will support the company’s expansion across greenfield solar projects, hybrid wind-solar platforms, behind-the-meter renewable installations, battery energy storage systems, and transmission infrastructure. These investments are aimed at building reliable, resilient, and flexible clean energy solutions aligned with India’s evolving sustainability and energy transition priorities.

With a strong focus on commercial and industrial (C&I) decarbonisation, Radiance aims to address one of the largest sources of carbon emissions in India. Distributed renewable energy solutions, particularly behind-the-meter and hybrid models, are expected to enable enterprises to achieve measurable emissions reductions, optimise energy costs, and meet global climate compliance frameworks such as Science-Based Targets (SBTi), RE100, and national net-zero commitments.

The company’s investment strategy also places significant emphasis on battery energy storage and transmission infrastructure, addressing key challenges related to intermittency and grid reliability. By integrating storage-led solutions, Radiance seeks to convert intermittent renewable generation into firm, dispatchable power, thereby enhancing grid stability and accelerating the adoption of clean energy at scale.

The participation of development finance institutions FMO and Impact Fund Denmark underscores growing international investor confidence in India’s renewable energy and sustainable infrastructure landscape. The investment reflects broader global recognition of India’s critical role in advancing climate action, given its rapid industrialisation, rising energy demand, and decarbonisation goals.

Industry experts note that the funding represents more than a corporate expansion initiative. It is seen as a strategic contribution to strengthening India’s clean energy ecosystem by enabling the development of distributed, storage-backed renewable infrastructure that can deliver long-term environmental, economic, and social benefits.