IFC-Led Group Eyes 30% Stake in ReNew’s C&I Arm to Fuel Clean Energy Growth – EQ
In Short : An investor group led by the International Finance Corporation (IFC) is in advanced talks to acquire a 30% stake in ReNew’s Commercial & Industrial (C&I) renewable energy unit. The deal aims to support ReNew’s expansion in the distributed clean energy segment. It reflects growing investor interest in India’s C\&I green energy market, driven by decarbonization and sustainability goals.
In Detail : An investor group led by the International Finance Corporation (IFC) is in discussions to acquire a 30% stake in ReNew’s Commercial & Industrial (C&I) renewable energy division. This move is part of ReNew’s strategy to raise capital and scale up its presence in the distributed energy sector.
ReNew, one of India’s leading renewable energy companies, has been actively expanding its footprint in the C&I segment. The potential investment will help fund new solar and wind projects targeted at commercial and industrial consumers seeking clean energy solutions.
The IFC-led consortium includes other global institutional investors, signaling strong international interest in India’s growing clean energy market. The deal, once finalized, will represent a significant endorsement of ReNew’s C\&I business model.
The C&I segment is rapidly emerging as a key driver of renewable energy adoption in India, with businesses increasingly turning to clean power to cut emissions and reduce energy costs. ReNew’s unit offers tailored solutions like rooftop solar, open access, and hybrid systems.
The investment talks align with IFC’s broader climate finance goals, which include supporting sustainable infrastructure and accelerating energy transition in emerging markets. It also underscores investor confidence in the Indian renewable energy ecosystem.
If the deal materializes, it will provide ReNew with both capital and strategic backing to expand its C\&I portfolio. The transaction is expected to close after due diligence and regulatory approvals, further strengthening ReNew’s leadership in clean energy solutions.
