ReNew Energy Global (RNW) has secured an $100M investment from British International Investment, the UK’s development finance institution and impact investor, to accelerate the growth of its solar manufacturing business in India. The investment will be made in ReNew Photovoltaics Private, ReNew’s dedicated solar manufacturing subsidiary in India. The investment will see BII acquire a minority stake in ReNew Photovoltaics. The transaction is subject to customary approvals from lenders and regulatory authorities.
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