India's the Asian Development Bank Ventures is to receive $390m provided by ReNew Power to fund seven renewable energy projects with a total capacity of 709 MW. The wind and solar projects that will generate more than 1,400 GWh of electricity and reduce carbon emissions by 1.2 million tonnes every year. The plants will be commissioned by December 2017. the Asian Development Bank is considering an initial public offering (IPO) that could raise $100m-$150m.
India's ReNew Power Ventures is to receive $390m provided by the Asian Development Bank to fund seven renewable energy projects with a total capacity of 709 MW. The wind and solar projects that will generate more than 1,400 GWh of electricity and reduce carbon emissions by 1.2 million tonnes every year. The plants will be commissioned by December 2017. ReNew Power is considering an initial public offering (IPO) that could raise $100m-$150m.