Project financing of 400MW Round The Clock (“RTC”) hybrid project in India comprising of (a) Wind capacity of 900MW; (b) Solar PV capacity of 400MW; and (c) Battery storage capacity of 100MWh. The project is being developed by ReNew at sites located in the states of Rajasthan, Maharashtra and Karnataka in India. ReNew holds 51% in the project company with the remaining 49% held by strategic investors Mitsui & Co. Ltd.The project is underpinned by 25-year PPA with Solar Energy Corporation of India (“SECI”), a central public sector undertaking. While it is difficult for conventional renewable energy projects to commit stable electricity supply due to the intermittent nature of winds and solar irradiation, this Project commits electricity supply of 400 MW with high capacity factor on a round-the-clock basis from a portfolio consisting of multiple wind and solar plus battery storage farms. This is the first of its kind in India ("round-the-clock scheme"). The total cost of the project will be around US$ 1.35billion. The commercial operations are scheduled to start by August 2023.This round-the-clock scheme Project, enabling electricity supply with 100% renewables, is in line with the Indian Government's policy, and is expected to play an important role in future to replace coal-fired generation currently dominant in India.