New Delhi, April 2 Renewable energy platform Resolven announced on Thursday that it has secured refinancing of ₹450 crore for its 136-MWp operational portfolio across Telangana and Karnataka.
The refinancing, undertaken with NIIF Infrastructure Finance Limited (NIIF IFL), will reduce financing costs by over 100 basis points, along with an extension in the loan tenor by 3-5 years, significantly enhancing the company's liquidity profile and balance sheet resilience, Resolven said in a statement.
"This transaction validates our focus on strengthening the financial position of the business and optimizing portfolio returns for our institutional shareholders," Abhinav Agarwal, Chief Financial Officer, Resolven, said in the statement.
According to Sourabh Shrivastava, Director - Business, NIIF IFL, the transaction involved evaluating a multi-SPV cash pooling mechanism, counter-party exposures, and regulatory considerations.
Resolven said that its key priorities for 2026 include the timely commissioning of its utility-scale projects, securing the development pipeline, enhancing its presence in the commercial and industrial consumer markets, and ensuring evacuation infrastructure and substation readiness to support hybrid and storage-led growth.
The company aims to have 10 GW of renewable assets by 2030.