Renewable Energy Platform Continuum Green Energy Said on Wednesday that It had raised $350 Million (around Rs 2,786 Crore) in debt through a bond issue to expand its Solar-Hybrid and Wind-Energy Projects.

According to the Official Statement, the Company has a portfolio of 1.3 GW, both operational and imminent, and has issued senior secured floating rate notes to two large international institutional investors.

Founder And CEO Arvind Bansal Said: “Through these funds, the company aims to expand its portfolio to 2.5 GW of Primarily Hybrid Wind and Solar Projects, serving Commercial and Industrial (C&I) Consumers, enabling them to meet their SDGs availability economically”.

The statement said that continuum is majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Partners and has 1.2 GW of recent construction projects.

The Company said it could raise an additional $50 million if certain conditions were met. Deutsche Bank is Continuum’s sole placement agent in the transaction.

Sameer Gupta, Head of DCM (Debt Capital Markets) at Deutsche Bank of India, said: “International Debt Capital Markets continue to be volatile due to rising interest rates and geopolitical tensions. Despite adverse market conditions, capital remains available for strong credit and the right structure”.