• $100M investment from BII to expand ReNew’s solar cell production to 6.4 GW.
• Strategic boost to India’s domestic solar supply chain and ‘Make in India’ initiative.
• 2,000+ new jobs expected from a new 4 GW facility in Gujarat.

ReNew Energy Global Plc has landed a $100 million investment from British International Investment (BII) to expand its solar manufacturing footprint in India, marking the UK development finance institution’s first investment in the country’s solar manufacturing sector.

The funding will be channeled into ReNew’s subsidiary, ReNew Photovoltaics Private Limited, to construct a 4 GW TOPCon solar cell facility in Dholera, Gujarat—raising ReNew’s total capacity to 6.4 GW each of solar modules and solar cells.

“Backward integration into the module supply chain strengthens ReNew’s position as a leader in sustainable and globally competitive clean energy solutions,” said Sumant Sinha, Founder, Chairman and CEO of ReNew.

“This partnership with BII affirms the company’s focus on delivering top-tier solar products while reinforcing its commitment to a secure and self-reliant supply chain.”

The move strengthens India’s drive toward 500 GW of renewable energy capacity by 2030 and reduces its dependency on imported solar components—a core pillar of the ‘Make in India’ initiative. The new plant is also projected to generate over 2,000 jobs.

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Shilpa Kumar, Managing Director and Head of India at BII, noted, “This investment will play a critical role in enhancing domestic manufacturing, promoting sustainable industrialisation, and reducing India’s import dependency. This partnership reflects BII’s dedication to supporting climate-resilient growth and job creation in India.”

As part of the deal, BII will acquire a minority stake in ReNew Photovoltaics, pending regulatory and lender approvals.

Sally Taylor, Minister Counsellor for Climate, Science and Tech at the British High Commission, added, “It will diversify the solar panel supply chain and further deepen our partnership in addressing global climate challenges.”

The deal highlights growing momentum in India-UK clean energy collaboration and positions ReNew as a central player in shaping a resilient, scalable solar supply chain for India and beyond.

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