Radiance Renewables has announced the successful completion of two major financing transactions totaling approximately ₹550 crore in collaboration with NIIF Infrastructure Finance Limited (NIIF IFL). The capital infusion will support multiple commercial and industrial (C&I) renewable energy projects across Karnataka, Maharashtra, and Uttar Pradesh.

The proceeds from this refinancing will be deployed to retire existing debt facilities, thereby optimizing Radiance’s capital structure and reinforcing its position as a key player in India’s clean energy transition. The company emphasized that this strategic move aligns with its long-term goal of driving sustainable growth and accelerating the country’s shift toward renewable energy adoption.

Eversource Capital, which backs Radiance Renewables, stated that the successful completion of these transactions reflects its disciplined approach to capital allocation and portfolio management. “This development underscores our broader commitment to supporting portfolio companies that play a meaningful role in advancing the energy transition and sustainable infrastructure build-out,” the firm noted.

The company reaffirmed its focus on fostering sustainable growth and advancing partnerships that accelerate India’s renewable energy ambitions. Eversource added that strengthening financial foundations remains central to its vision of Driving Transformation. Delivering Returns. in the renewable energy sector.