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					</table>A consortium of three investors led by <a href="https://leapfroginvest.com/" target="_blank" rel="noopener">LeapFrog Investments</a>, <a href="https://emcaf.allianzgi.com/" target="_blank" rel="noopener">Emerging Market Climate Action Fund,</a> and <a href="https://www.carlyle.com/our-firm/carlyle-alpinvest" target="_blank" rel="noopener">Carlyle AlpInvest</a> has picked up a combined stake of approximately 11.3% in ReNew Green Energy Solutions, the commercial and industrial (C&amp;I) platform of <a href="https://www.renew.com/" target="_blank" rel="noopener">ReNew Energy Global</a>.
LeapFrog led the investment round, committing $50 million.
Sumant Sinha, Founder, Chairman, and CEO at ReNew, said, “This partnership (with LeapFrog) helps us scale solutions that reduce emissions and strengthen energy security.”
ReNew Green’s portfolio includes 2.5 GW of committed renewable energy capacity across multiple states, with 2 GW already commissioned. The company has long-term energy supply agreements of approximately 1.3 GW with major global technology corporations. It has an additional 200 MW, which does not form part of this transaction.
As of February 2026, ReNew Energy has a clean energy portfolio of approximately 19.2 GW, including 1.5 GW of battery energy storage systems (BESS). The company has a solar module and cell manufacturing capacity of 6.5 GW and 2.5 GW, respectively. It is expanding its solar cell manufacturing capacity by 4 GW.
Last December, ReNew <a href="https://www.mercomindia.com/renew-signs-deal-with-google-for-150-mw-solar-project-in-rajasthan" target="_blank" rel="noopener">signed</a> a long-term agreement with Google to enable the development of a 150 MW solar project in Rajasthan. Google will procure the project’s energy attributes from ReNew. The solar project is scheduled for commissioning in 2026. It is expected to generate approximately 425,000 MWh of clean electricity annually.
In November, ReNew <a href="https://www.mercomindia.com/renew-to-invest-%E2%82%B9600-billion-in-clean-energy-projects-in-andhra-pradesh" target="_blank" rel="noopener">announced</a> plans to invest approximately ₹600 billion (~$6.76 billion) to set up multiple green energy projects in Andhra Pradesh, including a 6 GW solar ingot-wafer manufacturing plant, a 2 GW pumped hydro project, a 3,000 kilotons-per-annum green ammonia facility, and 5 GW of hybrid renewable energy projects, comprising wind, solar, and solar-BESS.
The company <a href="https://www.mercomindia.com/renew-secures-331-million-from-adb-for-hybrid-renewable-energy-project" target="_blank" rel="noopener">secured</a> $331 million in debt financing from the Asian Development Bank that same month to support the development of a large-scale clean energy project in Andhra Pradesh.
ReNew <a href="https://www.mercomindia.com/renew-narrows-loss-in-q3-revenue-up-48-on-higher-solar-module-and-cell-sales" target="_blank" rel="noopener">posted</a> a total revenue of ₹31.37 billion (~$345.79 million) in the third quarter of the financial year 2026, a 48% year-over-year increase from ₹21.19 billion (~$233.57 million).

ReNew Offloads 11% Stake in C&I Arm for $95 Million

BOOM Power, a solar and battery storage project developer, has <a href="https://mercomcapital.com/boom-power-sells-100-mw-of-two-solar-projects/" target="_blank" rel="noopener">completed</a> the sale of two solar projects totaling 110 MW in the U.K. to Enray Power, a solar and storage project developer. The sale includes Firsfield Solar, with an installed capacity of 71 MWp and an export capacity of up to 46.9 MWp, located in West Suffolk, and Osgodby Solar, with a capacity of 42.9 MWp, situated in North Yorkshire.
Headwater Energy, a utility-scale solar and energy storage development firm, <a href="https://mercomcapital.com/headwater-energy-secures-144-million-financing-for-solar-project/" target="_blank" rel="noopener">secured</a> $144 million construction financing for its 112.5 MWdc Gum Swamp solar project in North Carolina, arranged by BridgePeak Energy Capital and funded in part by Pathward. The loan originated under Pathward’s energy lending program and a lender syndicate, with BridgePeak serving as the lender service provider.
Decarbonization solutions company ReNew Energy Global (ReNew) has <a href="https://www.mercomindia.com/renew-secures-331-million-from-adb-for-hybrid-renewable-energy-project" target="_blank" rel="noopener">secured</a> $331 million in debt funding from the Asian Development Bank (ADB) to support the development of a large-scale clean energy project in Andhra Pradesh. ReNew said the Andhra Pradesh clean energy project integrates 837 MW of wind and solar capacity with a 415 MWh battery energy storage system (BESS). It aims to deliver 300 MW of peak power as well as a dependable baseload supply.
Akaysha Energy, an energy storage project developer, <a href="https://mercomcapital.com/akaysha-energy-closes-299-million-1-2-gwh-battery-storage-project/" target="_blank" rel="noopener">secured</a> A$460 million (~$299 million) in project financing to fund construction of its Elaine battery energy storage system (BESS) in Victoria, Australia. With the closing of the financing, construction on the storage project has begun. A group of eight international and domestic banks, including BNP Paribas, CIBC, Commonwealth Bank of Australia, ING, Mizuho, MUFG, SMBC, and Société Générale, provided the funding.
N-Sun Energy, a solar development platform created by Alantra Solar, <a href="https://mercomcapital.com/n-sun-energy-secures-408m-financing-275-mw-solar-portfolio/" target="_blank" rel="noopener">signed</a> a €355 million (~$408 million) green financing agreement with Intesa Sanpaolo, through its Italian subsidiary N-Sun Energy Advisors Italy 2. The funding provided by Intesa Sanpaolo will be used for the development and construction of a 275 MWp portfolio of five photovoltaic and agrivoltaics projects across Italy.
Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week&#8217;s project finance <a href="https://mercomcapital.com/project-finance-brief-goldenpeaks-secures-133-million-for-solar-portfolio/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: BOOM Power Sells 110 MW of Two Solar Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-boom-power-sells-solar-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
BOOM Power, a solar and battery storage project developer, has <a href="https://mercomcapital.com/boom-power-sells-100-mw-of-two-solar-projects/" target="_blank" rel="noopener">completed</a> the sale of two solar projects totaling 110 MW in the U.K. to Enray Power, a solar and storage project developer. The sale includes Firsfield Solar, with an installed capacity of 71 MWp and an export capacity of up to 46.9 MWp, located in West Suffolk, and Osgodby Solar, with a capacity of 42.9 MWp, situated in North Yorkshire.
Headwater Energy, a utility-scale solar and energy storage development firm, <a href="https://mercomcapital.com/headwater-energy-secures-144-million-financing-for-solar-project/" target="_blank" rel="noopener">secured</a> $144 million construction financing for its 112.5 MWdc Gum Swamp solar project in North Carolina, arranged by BridgePeak Energy Capital and funded in part by Pathward. The loan originated under Pathward’s energy lending program and a lender syndicate, with BridgePeak serving as the lender service provider.
Decarbonization solutions company ReNew Energy Global (ReNew) has <a href="https://www.mercomindia.com/renew-secures-331-million-from-adb-for-hybrid-renewable-energy-project" target="_blank" rel="noopener">secured</a> $331 million in debt funding from the Asian Development Bank (ADB) to support the development of a large-scale clean energy project in Andhra Pradesh. ReNew said the Andhra Pradesh clean energy project integrates 837 MW of wind and solar capacity with a 415 MWh battery energy storage system (BESS). It aims to deliver 300 MW of peak power as well as a dependable baseload supply.
Akaysha Energy, an energy storage project developer, <a href="https://mercomcapital.com/akaysha-energy-closes-299-million-1-2-gwh-battery-storage-project/" target="_blank" rel="noopener">secured</a> A$460 million (~$299 million) in project financing to fund construction of its Elaine battery energy storage system (BESS) in Victoria, Australia. With the closing of the financing, construction on the storage project has begun. A group of eight international and domestic banks, including BNP Paribas, CIBC, Commonwealth Bank of Australia, ING, Mizuho, MUFG, SMBC, and Société Générale, provided the funding.
N-Sun Energy, a solar development platform created by Alantra Solar, <a href="https://mercomcapital.com/n-sun-energy-secures-408m-financing-275-mw-solar-portfolio/" target="_blank" rel="noopener">signed</a> a €355 million (~$408 million) green financing agreement with Intesa Sanpaolo, through its Italian subsidiary N-Sun Energy Advisors Italy 2. The funding provided by Intesa Sanpaolo will be used for the development and construction of a 275 MWp portfolio of five photovoltaic and agrivoltaics projects across Italy.
Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-goldenpeaks-secures-133-million-for-solar-portfolio/" target="_blank" rel="noopener">brief</a>.

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