Current Affairs - Business - Discussion

ReNew Power secured a $100 million financing facility, approximately ₹955 crore, from the Dutch development bank FMO on October 13, 2026, to fund renewable energy projects under construction in India. The 10-year, rupee-denominated facility was extended to ReNew Solar Power Private Limited through the Reserve Bank of India's Voluntary Retention Route (VRR). This investment marked FMO's largest single-ticket investment in India's energy sector and was recognised as the largest 2X-aligned corporate financing in Asia to date by FMO. The facility also qualifies under the global 2X Challenge, which promotes women's economic participation and empowerment. ReNew's gross clean energy portfolio reached 20.5 GW as of August 18, 2026.