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ReNew Power Plans $800 Million Debt Refinance Through Global Lenders

ReNew Power is preparing to raise $800 million from a consortium of global lenders to refinance its existing debt and improve capital efficiency. The loan 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%, the estimated interest rate range stands between 7.66% and 8.16%.

Leading the arrangement of this refinancing package are Societe Generale, SMBC, and Standard Chartered, with nearly ten additional international banks expected to join during the syndication stage. The refinancing will support operational clean-energy projects, making the deal relatively low-risk and enabling more competitive pricing.

ReNew Power—promoted by Sumant Sinha—operates a global-scale clean-energy portfolio of 18.5 GW, spanning renewable power generation, green hydrogen initiatives, and integrated energy solutions. The company is known for frequently refinancing its loans to optimise capital structure, reduce borrowing costs, and improve financial resilience.

This strategic refinancing underscores ReNew’s continued efforts to strengthen its balance sheet while expanding its renewable energy footprint across India. Queries to the participating lenders remain unanswered as of now.