New Delhi, Feb. 9 -- Renewable-energy platform Radiance Renewables has raised $100 million in equity from the Danish government-backed development finance institution Impact Fund Denmark (IFD) and Dutch entrepreneurial development bank FMO, with each investing $50 million.

The funding marks a significant boost for the Everstone Capital-backed platform, accelerating expansion across India's fast-growing clean energy landscape.

The Mumbai-based company plans to deploy the capital across greenfield solar projects, hybrid wind-solar assets, and behind-the-meter installations targeting its core commercial and industrial (C&I) customers.

It aims to scale its operational and under-development renewable energy portfolio beyond 2 gigawatt-peak ...