International Finance Corp. (IFC), the private sector financing arm of the World Bank, through green bonds. Renewable energy company ReNew Power Ventures has raised around $50m to refinance the debt of its 44 MW Amba wind power project in Madhya Pradesh, two sources familiar with the matter said. The recently commissioned project has become cash flow positive, which enabled the New Delhi-based company to refinance its debt and reduce the interest cost being paid by the company, a source said. “Renewables are not just about generating electricity but also providing clean energy.
Renewable energy company ReNew Power Ventures has raised around $50m to refinance the debt of its 44 MW Amba wind power project in Madhya Pradesh, two sources familiar with the matter said. The recently commissioned project has become cash flow positive, which enabled the New Delhi-based company to refinance its debt and reduce the interest cost being paid by the company, a source said. “Renewables are not just about generating electricity but also providing clean energy.