Radiance Renewables: $100 Million for a Greener Tomorrow

Radiance Renewables, a renewable energy platform backed by Eversource Capital, has raised USD 100 million in equity funding from Impact Fund Denmark and Dutch entrepreneurial development bank FMO.

The capital infusion will support Radiance’s expansion across solar, wind–solar hybrid, and behind-the-meter renewable energy projects, enabling the company to scale its portfolio beyond 2 GWp. The company also plans to foray into battery energy storage systems and transmission infrastructure to address the growing demand for clean power from India’s commercial and industrial (C&I) sector.

Commenting on the investment, Thomas Hougaard, Managing Director at Impact Fund Denmark, said, “India remains a priority market for the fund’s clean energy strategy.” The funding is expected to strengthen Radiance’s operational capabilities and accelerate its contribution to India’s clean energy transition.

Dhanpal Jhaveri, CEO of Eversource Capital, said, “As Radiance enters FY27, it is well positioned to accelerate growth with enhanced operational capabilities and a stronger balance sheet.”

News by Rahul Yelligetti.