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

This investment will support the company’s expansion into solar, wind-solar, and behind-the-meter projects, helping it grow its renewable energy portfolio beyond two gigawatts (GWp). Radiance also plans to introduce battery storage and transmission projects to meet the rising demand for clean power in India’s commercial and industrial (C&I) sector.

Thomas Hougaard, Managing Director at Impact Fund Denmark, emphasised, “India remains a priority market for the fund’s clean energy strategy.” This funding aims to help Radiance scale its operations and accelerate India’s energy transition by integrating more renewable energy into the national grid. Dhanpal Jhaveri, CEO of Eversource Capital, added, “As Radiance enters FY27, it is well positioned to accelerate growth with enhanced operational capabilities and a stronger balance sheet.”