Continuum Green Energy Limited, a renewable energy platform, has raised $350 million (about Rs 27.86 billion) to expand its wind and solar hybrid projects.
The company has issued senior secured floating rate notes to two marquee international institutional investors, with an option to issue an additional $50 million on fulfilment of certain conditions. Deutsche Bank AG in the capacity of sole placement agent advised Continuum on this transaction. With these funds, the company aims to expand its portfolio to 2.5 GW, majority of which as wind and solar hybrid projects, servicing commercial and industrial (C&I) consumers, enabling them to meet their sustainability goals economically.