Danish Sustainable Development Goals Investment Fund and FMO, the Dutch Entrepreneurial Development Bank, have invested $100 million in Radiance Renewables Private Limited.
DMD Advocates advised Impact Fund Denmark and FMO on this investment.
The transaction team was led by Rashi Dhir (Senior Partner & Head of Corporate), along with Saiyam Chaturvedi (Partner), Kajal Tandon (Counsel), Priyanka Hazarika (Senior Associate), and Aditi Kumari (Associate).
The due diligence was led by Tarinee Sudan (Partner) along with Priyanka Hazarika (Senior Associate), Aditi Kumari (Associate), Jasmine Brar (Associate), Shriya Sehgal (Associate), Sarvagya Shankar (Associate), and Rohan Chatterjee (Associate).
Cyril Amarchand Mangaldas advised Radiance Renewables, and its backing company Eversource Capital, on this transaction.
The core deal team was led by Aditi Manchanda (Partner) and Abhishek Kalra (Partner), with the assistance from Chandni Ochani (Principal Associate - Designate), Deepjoyika Dastidar (Senior Associate) and Geetika Myer (Senior Associate).
A team led by Sharada Ramachandra (Partner), Surya Sreenivasan (Partner), and Anna Thomas (Partner), with the assistance from Shivam Dubey (Principal Associate), Soumyashree Chowdhury (Senior Associate), Sneha Sharma (Senior Associate) and Associates Manav Sanghvi, Nilanjana Nair, and Shivika Gupta, assisted with due diligence.
Radiance Renewables is a leading India-focused commercial and industrial renewable energy platform backed by Eversource Capital.
The investment will support Radiance Renewables’ next phase of growth and expansion across solar, hybrid wind-solar, and battery energy storage projects in India.
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