In March this year, ReNew Power signed an agreement with OPIC to receive debt financing of up to $250 million as part of the the ReNew Master Financing Facility. The Telangana solar project is the first to be approved under this facility to develop, construct, and operate solar projects under the National Solar Mission (NSM). Under the ReNew Master Financing Facility, up to 400 MW of solar projects will be constructed in India across multiple states.