ReNew Energy Secured USD 331 Million Financial Package from ADB

Current Context: On 7 November 2025, ReNew Energy Global Plc secured a USD 331 million financial package from the Asian Development Bank (ADB).

• This is part of a larger USD 477 million package, with the remaining funds to be mobilised through other lenders.
• The financing will support a hybrid renewable energy project in Andhra Pradesh, combining 837 MWp wind and solar capacity with a 415 MWh battery storage system.
• The project is expected to deliver 300 MW peak power and 1,641 GWh annually, enhancing grid reliability.
• It marks a significant step in India’s low‑carbon energy transition and strengthens international support for its renewable sector.

Question:

Q.1 On 7 November 2025, ReNew Energy Global Plc secured a financial package of USD 331 million from which institution?
a) World Bank
b) AIIB
c) Asian Development Bank
d) New Development Bank

Answer: c) Asian Development Bank provided USD 331 million as part of the project financing.