ReNew Energy Global Plc (NASDAQ: RNW), India’s leading renewable energy company, has secured $331 million from the Asian Development Bank (ADB) to build a large-scale clean energy project in Andhra Pradesh. The funding is part of a $477 million financial package, with the remaining $146 million to be arranged by ADB through other lenders. Advertisement

The project will combine 837 MWp of wind and solar capacity with a 415 megawatt-hour (MWh) battery energy storage system (BESS), capable of delivering 300 MW of peak power and reliable baseload supply. It is expected to generate about 1,641 gigawatt-hours (GWh) of clean energy annually, significantly boosting grid stability and advancing India’s transition to a low-carbon energy future.

The $331 million debt package includes up to $291 m

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