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ReNew Secures $95 Million Equity Investment From LeapFrog-Led Consortium to Expand its Commercial & Industrial Platform
LeapFrog leads with $50 million, joined by co‑investors Emerging Market Climate Action Fund (“EMCAF”) and Carlyle AlpInvest ReNew has one of the largest
About this update from Renew Energy Global Plc
[{"type":"text","content":"\nLeapFrog leads with $50 million, joined by co‑investors Emerging Market Climate Action Fund (“EMCAF”) and Carlyle AlpInvest\n\n\nReNew has one of the largest clean energy portfolios for corporate customers in India\n\n\n GURUGRAM, India--(BUSINESS WIRE)--\nReNew Energy Global Plc (“ReNew” or the “Company”), a leading decarbonization solutions company announces that its commercial and industrial platform, ReNew Green Energy Solutions Private Limited (“ReNew Green”) has secured $95 million equity investment. The investment is led by LeapFrog Investments, the pioneering Profit with Purpose investor, which has directly committed $50 million, with the balance from co-investors Emerging Market Climate Action Fund (“EMCAF”) and Carlyle AlpInvest.\n\n\nReNew Green’s portfolio is among India’s largest clean energy portfolios for commercial and industrial (C&I) customers, with 2.5 GW* of committed capacity across multiple states. Of this, over 2.0 GW is already commissioned. Within this, ~1.3 GW has long-term agreements with global technology leaders such as Microsoft, Amazon, and Google. ReNew Green delivers affordable, reliable renewable power through structured offtake agreements to a diversified customer base spanning automotive, chemicals, cement, textiles, and technology, serving both global and domestic leaders.\n\n\nThe investment reflects LeapFrog's climate investment thesis: backing scalable climate solutions in emerging markets that accelerate decarbonization while driving inclusive economic growth. Through its climate strategy, LeapFrog focuses on companies enabling the \"green leap\" - helping emerging economies move directly to low-carbon infrastructure in ways that are commercially competitive, job-creating, and measurable in impact.\n\n\nSumant Sinha, Founder, Chairman & CEO, ReNew said, “The C&I industry will be central to India’s decarbonization journey, and with investors like LeapFrog, we can deepen our ability to provide reliable, cost‑competitive renewable power to leading businesses across sectors. This partnership helps us scale solutions that reduce emissions, strengthen energy security, and support India’s industrial growth in a way that is both sustainable and inclusive.”\n\n\nNakul Zaveri, Global Co-Lead for Climate Investment Strategy, LeapFrog Investments said, “This investment exemplifies LeapFrog's climat...