NEW DELHI, INDIA (10 November 2025) — The Asian Development Bank (ADB) has signed a $331 million finance package deal with ReNew Vyoman Power Private Limited for an 837-megawatts wind-solar energy plant with a 415-megawatt-hour battery vitality storage system (BESS) facility in Andhra Pradesh, India. The venture will ship 300 megawatts of round the clock peak energy and assured baseload vitality, strengthen grid reliability, and help India’s clear vitality transition.
The financing package deal consists of ₹25.78 billion native foreign money mortgage (equal to $291 million) from ADB’s peculiar capital assets and as much as $40 million from ADB-administered Leading Asia’s Private Infrastructure Fund 2 (LEAP 2). The whole debt financing for the venture is anticipated to achieve $477 million, and ADB is the mandated lead arranger.
The signing ceremony was presided over by ADB Vice-President for Market Solutions Bhargav Dasgupta and ReNew’s Founder, Chairman, and CEO Sumant Sinha.
“This is the first round-the-clock peak renewable energy project to be financed by ADB. The integration of BESS with wind-solar hybrid systems ensures firm and reliable clean power, improves grid stability, and supports India’s transition to a sustainable energy future,” stated Mr. Dasgupta. “This landmark project reflects ADB’s long-standing partnership with ReNew, which has spanned multiple investments and initiatives over the years.”
“India is entering a new phase in clean energy transition, defined not only by scale, but by reliability and flexibility. This project demonstrates that renewable energy can be delivered round-the-clock, competitively, and at grid scale,” stated Mr. Sinha. “Our long-standing collaboration with ADB has enabled us to continually push the boundaries of what is possible in clean energy infrastructure. This partnership reinforces our shared commitment to building a resilient, low-carbon energy system for India. As we work towards India’s climate goals, solutions like this will power both economic growth and a sustainable future.”
As the world’s third-largest producer of electrical energy and greenhouse gasoline emissions, India is quickly increasing its renewable vitality portfolio and strengthening its transmission grid to satisfy rising demand whereas enhancing grid stability. By integrating wind, photo voltaic, and battery storage, this venture units a benchmark for agency, dispatchable renewable vitality infrastructure, delivering assured baseload energy and dependable peak provide.
ReNew is likely one of the largest non-public producers of renewable vitality in India, with 11.2 gigawatts of operational capability throughout a number of states and seven.3 gigawatts of capability dedicated or below building. It has a longtime observe file of greater than 14 years of creating, commissioning, and working tasks within the nation.
LEAP 2 is an ADB-managed fund with a $1.5 billion dedication from the Japan International Cooperation Agency. Established in 2023, it focuses on sustainable non-public sector infrastructure tasks that cut back carbon emissions, enhance vitality effectivity, and supply inexpensive well being care, schooling, and communication companies to ADB’s creating member international locations.
ADB is a number one multilateral growth financial institution supporting inclusive, resilient, and sustainable progress throughout Asia and the Pacific. Working with its members and companions to resolve complicated challenges collectively, ADB harnesses progressive monetary instruments and strategic partnerships to rework lives, construct high quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the area.