Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

The project will connect 2.5 GW of renewable power in South India to the grid

January 4, 2023

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Norway’s development finance institution Norfund and the country’s largest pension fund KLP have announced an investment of NOK109 million (~$10.85 million) for a 49% ownership stake in ReNew Power’s transmission project in the Koppal district of Karnataka.

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Gourav Mishra

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Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

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