Resolven Secures Rs 450 Crore Refinancing to Bolster Renewable Portfolio

Resolven has refinanced Rs 450 crore for its 136-MWp portfolio across Telangana and Karnataka, reducing finance costs and extending loan tenors by 3-5 years. The company aims for 10 GW of assets by 2030, focusing on project commissioning, development pipeline, and hybrid and storage growth support.

In a strategic financial move, Resolven, a renewable energy platform, announced securing Rs 450 crore in refinancing for its operational portfolio spanning Telangana and Karnataka.

Partnering with NIIF Infrastructure Finance Limited, Resolven is set to reduce finance costs by more than 100 basis points, with a loan tenor extension by 3-5 years. This development is expected to significantly enhance liquidity and fortify the balance sheet.

Resolven's future roadmap includes timely project commissioning and expansion in commercial and industrial markets, alongside plans to achieve 10 GW of renewable assets by 2030.

(With inputs from agencies.)