Radiance Renewables raises $100 million equity from IFU and FMO
Radiance Renewables Private Limited has secured $100 million in equity investment from Impact Fund Denmark (IFU) and the Dutch entrepreneurial development bank FMO, with each institution committing $50 million. IFU’s investment has been made through the Danish SDG Investment Fund II, which is backed by five Danish pension funds. The company stated that the equity infusion is expected to catalyse an additional $300 million in private sector debt. The funding will be used to develop…