New Delhi, May 7 -- ReNew Energy Global Plc, headquartered in Gurgaon, has secured funding of USD 100 million from British International Investment (BII), the UK's development finance institution and impact investor. The investment will support the expansion of ReNew's solar manufacturing operations in India.

This transaction represents BII's first investment in India's solar manufacturing sector and highlights its dedication to developing a resilient, self-sufficient renewable energy supply chain in one of the world's fastest-growing clean energy markets.

As part of the deal, BII will acquire a minority stake in ReNew Photovoltaics Private Limited, the solar manufacturing subsidiary of ReNew, though specific stake details were not disc...