Anagram Partners advised ReNew on a USD 100 million investment by British International Investment plc in ReNew Photovoltaics to accelerate the growth of its solar manufacturing business in India.

ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, has secured USD 100 million investment from British International Investment (“BII”) to accelerate the growth of its solar manufacturing business in India. The investment will be made in, ReNew’s dedicated solar manufacturing subsidiary in India – ReNew Photovoltaics.

This marks BII’s first-ever investment in solar manufacturing in India and underscores its commitment to building a resilient, self-reliant renewable energy supply chain in one of the world’s fastest-growing clean energy markets.

ReNew is a leading decarbonisation solutions company listed on the NASDAQ. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change.

BII is the UK’s development finance institution and impact investor. As a trusted investment partner to businesses in Africa, Asia and the Caribbean, BII invests in creating productive, sustainable and inclusive economies in our markets.

Anagram Partners acted as the legal advisor to the ReNew Group on this transaction. The team was led by our Partner, Faraz Khan and comprised Manoj Mahapatra, Nilomi Doshi and Yavipriya Gupta.

Read more at: ReNew secures $100 million marquee investment from BII to boost India’s solar manufacturing ecosystem

ReNew raises $100 mn from BII to expand solar cell output in Gujarat | Company News – Business Standard