ReNew said its commercial and industrial platform, ReNew Green, secured a USD 95 million equity investment led by LeapFrog, with co-investors EMCAF and Carlyle AlpInvest. LeapFrog committed USD 50 million as part of the round. ReNew said the funding will be used to expand ReNew Green’s commercial and industrial renewable energy platform in India. ReNew Green has 2.5 GW of committed capacity across multiple Indian states, with over 2 GW already commissioned.
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