ReNew Power, one of India’s leading renewable energy companies, is planning to raise $800 million through global lenders to refinance its existing debt, as part of its ongoing strategy to optimise capital costs and strengthen its clean-energy expansion.

The proposed borrowing is expected to be priced in the next quarter and is likely to be structured at 350–400 basis points over the Secured Overnight Financing Rate (SOFR). Based on the current three-month SOFR of 4.16%, this translates to an estimated interest rate range of approximately 7.66% to 8.16%.

Global financial institutions Societe Generale, Sumitomo Mitsui Banking Corporation (SMBC), and Standard Chartered are acting as lead arrangers for the transaction. Around ten additional banks are expected to join during the syndication phase, indicating strong international lender interest in the refinancing exercise.

The funds raised will primarily be used to refinance operational clean-energy assets, which significantly lowers project risk and enables more competitive loan pricing. Such refinancing is a common strategy employed by renewable energy developers once projects achieve operational stability.

Promoted by Sumant Sinha, ReNew Power has built a global-scale clean energy portfolio of approximately 18.5 GW, spanning wind, solar, and hybrid renewable assets. In addition to renewable power generation, the company is also expanding into green hydrogen and integrated energy solutions, aligning with India’s long-term clean energy and decarbonisation goals.

ReNew Power has consistently refinanced its debt portfolio to improve capital efficiency, strengthen balance sheets, and support future growth initiatives. Queries sent to the participating lenders regarding the transaction remained unanswered at the time of reporting.