Radiance is a leading player in India’s clean energy transition. The platform provides renewable energy to commercial and industrial clients at prices 15–20 per cent lower than grid electricity. Since around 70 per cent of India’s grid power comes from coal, choosing Radiance gives companies both lower costs and a greener energy profile.
Impact Fund Denmark invested USD 50 million (around DKK 320.5 million) through the Danish SDG Investment Fund II, backed by five Danish pension funds. Made alongside a USD 50 million investment from the Dutch Development Finance Institution FMO, the joint investment catalyses an additional 926MW of new solar power across India.
Business and impact walking hand in hand
Investments in India’s clean energy transition is not just urgent, but a good investment.
In just four years, Radiance has expanded its operational solar capacity from 38 MW to nearly 600 MW, demonstrating a strong and scalable business model.