India-based solar and wind energy developer Welspun Renewables has received a $617 million round of U.S. funding.
The investment has been through a combination of debt and equity infusion by new and existing investors, including General Electric.
The funding includes $405 million of debt, $165 million in equity and $47 million in line of credit financing.
‘These deals continue to prove that the renewable energy sector is a preferred investment choice, and global players are willing to commit to help grow the industry,’ says Vineet Mittal, vice chairman of Welspun Renewables.
