ReNew Locks $477 Million for Andhra Hybrid Park

• ReNew clinches $477m to power an 837‑MWp wind-solar+BESS hub in Andhra Pradesh, bolstering grid reliability and signaling strong lender appetite for utility-scale renewable hybrids in India.

ReNew Energy Global Plc (NASDAQ: RNW) secured a USD 477 million (EUR 412.3 million) debt package to finance an 837-MWp hybrid wind-and-solar project with battery energy storage in Andhra Pradesh, India. The financing will bankroll construction of the integrated facility, designed to combine variable generation with storage.

The project adds large-scale capacity to India’s renewables buildout while supporting grid reliability through storage. ReNew, one of India’s leading clean-energy developers, is expanding its portfolio of hybrid assets to deliver more consistent power. The deal underscores continued lender appetite for utility-scale renewable-plus-storage projects in the country.

What storage size, PPA details, and COD timeline define ReNew’s Andhra hybrid?

• Storage size: Not publicly disclosed yet
  
• PPA details: Long-term PPA executed; counterparty and tariff not disclosed (tenor typically ~25 years for Indian hybrid projects)
  
• COD timeline: Post-financial-close build of ~18–24 months; indicative COD in 2026, subject to permits and grid readiness