Société Générale acted as mandated lead arranger and hedge provider for a USD 1.2 billion green loan for ReNew Power, one of India’s largest renewable energy developers. ReNew will use the proceeds from the loan, which reached financial close in early 2023, to build 900 megawatts of wind capacity, 400 megawatts of solar, and a battery capable of storing 100 megawatt hours of electricity. The project will be located across the states of Maharashtra, Karnataka, and Rajasthan in India. This is one of the first utility-scale, “round the clock” projects combining wind, solar and battery technology in India.