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. India has been investing heavily in renewables over recent years, but its plans have not always gone according to plan.
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.