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ReNew Lands $95 Million Equity Funding from LeapFrog Investments-Led Consortium
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ReNew Secures $95M Equity from LeapFrog-Led Consortium for C&I Expansion
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News18
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16-03-2026, 15:30
ReNew Secures $95M Equity from LeapFrog-Led Consortium for C&I Expansion
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ReNew Green Energy Solutions Private Limited secured USD 95 million (approx Rs 878 crore) equity investment.
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The funding is led by LeapFrog Investments ($50 million), with co-investors Emerging Market Climate Action Fund and Carlyle AlpInvest.
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Proceeds will be utilized to expand ReNew's commercial and industrial (C&I) platform.
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ReNew Green's C&I portfolio includes 1.3 GW with long-term agreements with global tech leaders like Microsoft, Amazon, and Google.
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Sumant Sinha emphasized the C&I sector's central role in India's decarbonization and sustainable industrial growth.
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