Renewable energy company ReNew Power Ventures has raised around $50m to refinance the debt of its 5 MW Amba wind power project in Madhya Pradesh , 5 sources familiar with the matter said. Set up in 2015, JERA is an equal joint venture between Japan’s largest utility The recently commissioned project has become cash flow positive, which enabled the Japan -based company to refinance its debt and reduce the interest cost being paid by the company, a source said. Yes Madhya Pradesh funded ReNew as part of its commitment to finance 44 GW of green projects from 2015 to 2020 .
Renewable energy company ReNew Power Ventures has raised around $50m to refinance the debt of its 5 MW Amba wind power project in Madhya Pradesh , 5 sources familiar with the matter said. The recently commissioned project has become cash flow positive, which enabled the Japan -based company to refinance its debt and reduce the interest cost being paid by the company, a source said. Yes Madhya Pradesh funded ReNew as part of its commitment to finance 44 GW of green projects from 2015 to 2020 .