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Replus Engitech, a subsidiary of HEG Advanced Materials (HEGAM), has announced the appointment of Nishmitha Shetty as Vertical Head Commercial and Industrial (C&I). She will be responsible for driving the growth and expansion of Replus’ C&I Energy Storage Systems business, a strategic focus area for the company.

Shetty has more than 15 years of experience in business development, commercial strategy and market expansion across renewable energy, utility solar, Battery Energy Storage Systems (BESS) and electrical infrastructure in India and the Asia Pacific region.

She joins Replus from Hoymiles, where, as Utility Business Head (India Region), she led the India and APAC utility business for the company’s BESS and solar inverter portfolio and onboarded more than 35 utility-scale customers. Before this, she spent nearly five years at LONGI Solar Technology, where she built the company’s utility, open access and C&I solar business in India across more than 40 EPC, IPP and developer accounts and also held additional charge as Marketing Head in 2024. Her earlier roles include positions with Honeywell Building Automation, Sungrow Power Supply and Technocrafts Switchgears (ABB System House).

Hiren Pravin Shah, Managing Director and CEO, Replus Engitech, said, “We are delighted to welcome Nishmitha to Replus. Commercial and industrial energy storage is an important growth vertical for us, as businesses across India look for reliable power and greater control over their energy costs. Nishmitha brings deep commercial experience across solar and energy storage, along with strong relationships across the developer and EPC ecosystem. Her leadership will be valuable as we scale our C&I offering across the country.”

Nishmitha Shetty, Vertical Head C&I (ESS), Replus Engitech, said, “Energy storage is becoming central to how Indian businesses manage their power needs, and the C&I segment offers a significant opportunity. Replus brings together manufacturing, engineering and execution capabilities under one roof, backed by the strength of HEG Advanced Materials. I look forward to working with the team to build a strong C&I business and deliver dependable storage solutions to our customers.”

Replus Engitech, a subsidiary of HEG Advanced Materials (HEGAM), has announced the appointment of Nishmitha Shetty as Vertical Head Commercial and Industrial (C&I). She will be responsible for driving the growth and expansion of Replus’ C&I Energy Storage Systems business, a strategic focus area for the company.

Shetty has more than 15 years of experience in business development, commercial strategy and market expansion across renewable energy, utility solar, Battery Energy Storage Systems (BESS) and electrical infrastructure in India and the Asia Pacific region.

She joins Replus from Hoymiles, where, as Utility Business Head (India Region), she led the India and APAC utility business for the company’s BESS and solar inverter portfolio and onboarded more than 35 utility-scale customers. Before this, she spent nearly five years at LONGI Solar Technology, where she built the company’s utility, open access and C&I solar business in India across more than 40 EPC, IPP and developer accounts and also held additional charge as Marketing Head in 2024. Her earlier roles include positions with Honeywell Building Automation, Sungrow Power Supply and Technocrafts Switchgears (ABB System House).

Hiren Pravin Shah, Managing Director and CEO, Replus Engitech, said, “We are delighted to welcome Nishmitha to Replus. Commercial and industrial energy storage is an important growth vertical for us, as businesses across India look for reliable power and greater control over their energy costs. Nishmitha brings deep commercial experience across solar and energy storage, along with strong relationships across the developer and EPC ecosystem. Her leadership will be valuable as we scale our C&I offering across the country.”

Nishmitha Shetty, Vertical Head C&I (ESS), Replus Engitech, said, “Energy storage is becoming central to how Indian businesses manage their power needs, and the C&I segment offers a significant opportunity. Replus brings together manufacturing, engineering and execution capabilities under one roof, backed by the strength of HEG Advanced Materials. I look forward to working with the team to build a strong C&I business and deliver dependable storage solutions to our customers.”

Replus Engitech, a subsidiary of HEG Advanced Materials (HEGAM), has announced the appointment of Nishmitha Shetty as Vertical Head Commercial and Industrial (C&I). She will be responsible for driving the growth and expansion of Replus’ C&I Energy Storage Systems business, a strategic focus area for the company.

Shetty has more than 15 years of experience in business development, commercial strategy and market expansion across renewable energy, utility solar, Battery Energy Storage Systems (BESS) and electrical infrastructure in India and the Asia Pacific region.

She joins Replus from Hoymiles, where, as Utility Business Head (India Region), she led the India and APAC utility business for the company’s BESS and solar inverter portfolio and onboarded more than 35 utility-scale customers. Before this, she spent nearly five years at LONGI Solar Technology, where she built the company’s utility, open access and C&I solar business in India across more than 40 EPC, IPP and developer accounts and also held additional charge as Marketing Head in 2024. Her earlier roles include positions with Honeywell Building Automation, Sungrow Power Supply and Technocrafts Switchgears (ABB System House).

Hiren Pravin Shah, Managing Director and CEO, Replus Engitech, said, “We are delighted to welcome Nishmitha to Replus. Commercial and industrial energy storage is an important growth vertical for us, as businesses across India look for reliable power and greater control over their energy costs. Nishmitha brings deep commercial experience across solar and energy storage, along with strong relationships across the developer and EPC ecosystem. Her leadership will be valuable as we scale our C&I offering across the country.”

Nishmitha Shetty, Vertical Head C&I (ESS), Replus Engitech, said, “Energy storage is becoming central to how Indian businesses manage their power needs, and the C&I segment offers a significant opportunity. Replus brings together manufacturing, engineering and execution capabilities under one roof, backed by the strength of HEG Advanced Materials. I look forward to working with the team to build a strong C&I business and deliver dependable storage solutions to our customers.”

Replus Engitech, a subsidiary of HEG Advanced Materials (HEGAM), has announced the appointment of Nishmitha Shetty as Vertical Head Commercial and Industrial (C&I). She will be responsible for driving the growth and expansion of Replus’ C&I Energy Storage Systems business, a strategic focus area for the company.

Shetty has more than 15 years of experience in business development, commercial strategy and market expansion across renewable energy, utility solar, Battery Energy Storage Systems (BESS) and electrical infrastructure in India and the Asia Pacific region.

She joins Replus from Hoymiles, where, as Utility Business Head (India Region), she led the India and APAC utility business for the company’s BESS and solar inverter portfolio and onboarded more than 35 utility-scale customers. Before this, she spent nearly five years at LONGI Solar Technology, where she built the company’s utility, open access and C&I solar business in India across more than 40 EPC, IPP and developer accounts and also held additional charge as Marketing Head in 2024. Her earlier roles include positions with Honeywell Building Automation, Sungrow Power Supply and Technocrafts Switchgears (ABB System House).

Hiren Pravin Shah, Managing Director and CEO, Replus Engitech, said, “We are delighted to welcome Nishmitha to Replus. Commercial and industrial energy storage is an important growth vertical for us, as businesses across India look for reliable power and greater control over their energy costs. Nishmitha brings deep commercial experience across solar and energy storage, along with strong relationships across the developer and EPC ecosystem. Her leadership will be valuable as we scale our C&I offering across the country.”

Nishmitha Shetty, Vertical Head C&I (ESS), Replus Engitech, said, “Energy storage is becoming central to how Indian businesses manage their power needs, and the C&I segment offers a significant opportunity. Replus brings together manufacturing, engineering and execution capabilities under one roof, backed by the strength of HEG Advanced Materials. I look forward to working with the team to build a strong C&I business and deliver dependable storage solutions to our customers.”

Replus Engitech, a subsidiary of HEG Advanced Materials (HEGAM), has announced the appointment of Nishmitha Shetty as Vertical Head Commercial and Industrial (C&I). She will be responsible for driving the growth and expansion of Replus’ C&I Energy Storage Systems business, a strategic focus area for the company.

Shetty has more than 15 years of experience in business development, commercial strategy and market expansion across renewable energy, utility solar, Battery Energy Storage Systems (BESS) and electrical infrastructure in India and the Asia Pacific region.

She joins Replus from Hoymiles, where, as Utility Business Head (India Region), she led the India and APAC utility business for the company’s BESS and solar inverter portfolio and onboarded more than 35 utility-scale customers. Before this, she spent nearly five years at LONGI Solar Technology, where she built the company’s utility, open access and C&I solar business in India across more than 40 EPC, IPP and developer accounts and also held additional charge as Marketing Head in 2024. Her earlier roles include positions with Honeywell Building Automation, Sungrow Power Supply and Technocrafts Switchgears (ABB System House).

Hiren Pravin Shah, Managing Director and CEO, Replus Engitech, said, “We are delighted to welcome Nishmitha to Replus. Commercial and industrial energy storage is an important growth vertical for us, as businesses across India look for reliable power and greater control over their energy costs. Nishmitha brings deep commercial experience across solar and energy storage, along with strong relationships across the developer and EPC ecosystem. Her leadership will be valuable as we scale our C&I offering across the country.”

Nishmitha Shetty, Vertical Head C&I (ESS), Replus Engitech, said, “Energy storage is becoming central to how Indian businesses manage their power needs, and the C&I segment offers a significant opportunity. Replus brings together manufacturing, engineering and execution capabilities under one roof, backed by the strength of HEG Advanced Materials. I look forward to working with the team to build a strong C&I business and deliver dependable storage solutions to our customers.”

ReNew announced that it has secured a USD 100 million (approximately INR 955 crore) financing facility from FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.), the Dutch entrepreneurial development bank.

Extended to ReNew Solar Power Private Limited under the Voluntary Retention Route (VRR), the 10-year financing will support renewable energy projects currently under construction across the ReNew group.

The transaction marks FMO’s largest single-ticket investment in India’s energy sector and its largest 2X-aligned corporate financing in Asia to date, underscoring the growing role of international development finance in supporting India’s clean energy transition.

The facility qualifies under the 2X Challenge, a global initiative focused on advancing women’s economic participation and empowerment through investment. Proceeds from the INR-denominated financing will be deployed towards ReNew’s under-construction renewable energy projects.

The long-term financing strengthens ReNew’s access to international capital and further diversifies its funding base across domestic and global markets. With a 10-year tenor aligned with the long operating life of renewable energy assets, the facility provides stable capital to support the Company’s expanding portfolio and continued growth.

Kailash Vaswani, Chief Financial Officer, ReNew, said: “This financing is a strong endorsement of ReNew’s scale, execution capabilities and long-term growth strategy, and reflects the confidence of leading global institutions in India’s clean energy opportunity. The 10-year facility gives us access to stable, long-term capital at a critical stage of our portfolio build-out, while further diversifying our funding sources across international and domestic markets. We are delighted to strengthen our partnership with FMO and channel this capital towards projects that will contribute to India’s rapidly expanding clean energy ecosystem.” 

Marnix Monsfort, Director & Head – Energy, FMO, said: “We are pleased to partner with ReNew on this 2X-aligned investment and support the Company’s growth ambitions. As FMO’s largest investment in India’s energy sector, this transaction demonstrates our commitment to supporting India’s energy transition through impactful, large-scale financing solutions. ReNew has established itself as a leading renewable energy company in the country, and we look forward to supporting its continued contribution to India’s clean energy future.”

The financing comes at a pivotal moment in India’s energy transition, as the country accelerates the deployment of renewable energy and the investment required to build the infrastructure of a low-carbon economy. For ReNew, the transaction reinforces its ability to mobilise long-term global capital at scale and deploy it towards projects that expand India’s clean energy capacity. It also deepens the Company’s relationship with FMO and reflects a shared commitment to financing an energy transition that is sustainable, inclusive and economically resilient.

ReNew announced that it has secured a USD 100 million (approximately INR 955 crore) financing facility from FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.), the Dutch entrepreneurial development bank.

Extended to ReNew Solar Power Private Limited under the Voluntary Retention Route (VRR), the 10-year financing will support renewable energy projects currently under construction across the ReNew group.

The transaction marks FMO’s largest single-ticket investment in India’s energy sector and its largest 2X-aligned corporate financing in Asia to date, underscoring the growing role of international development finance in supporting India’s clean energy transition.

The facility qualifies under the 2X Challenge, a global initiative focused on advancing women’s economic participation and empowerment through investment. Proceeds from the INR-denominated financing will be deployed towards ReNew’s under-construction renewable energy projects.

The long-term financing strengthens ReNew’s access to international capital and further diversifies its funding base across domestic and global markets. With a 10-year tenor aligned with the long operating life of renewable energy assets, the facility provides stable capital to support the Company’s expanding portfolio and continued growth.

Kailash Vaswani, Chief Financial Officer, ReNew, said: “This financing is a strong endorsement of ReNew’s scale, execution capabilities and long-term growth strategy, and reflects the confidence of leading global institutions in India’s clean energy opportunity. The 10-year facility gives us access to stable, long-term capital at a critical stage of our portfolio build-out, while further diversifying our funding sources across international and domestic markets. We are delighted to strengthen our partnership with FMO and channel this capital towards projects that will contribute to India’s rapidly expanding clean energy ecosystem.” 

Marnix Monsfort, Director & Head – Energy, FMO, said: “We are pleased to partner with ReNew on this 2X-aligned investment and support the Company’s growth ambitions. As FMO’s largest investment in India’s energy sector, this transaction demonstrates our commitment to supporting India’s energy transition through impactful, large-scale financing solutions. ReNew has established itself as a leading renewable energy company in the country, and we look forward to supporting its continued contribution to India’s clean energy future.”

The financing comes at a pivotal moment in India’s energy transition, as the country accelerates the deployment of renewable energy and the investment required to build the infrastructure of a low-carbon economy. For ReNew, the transaction reinforces its ability to mobilise long-term global capital at scale and deploy it towards projects that expand India’s clean energy capacity. It also deepens the Company’s relationship with FMO and reflects a shared commitment to financing an energy transition that is sustainable, inclusive and economically resilient.

ReNew announced that it has secured a USD 100 million (approximately INR 955 crore) financing facility from FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.), the Dutch entrepreneurial development bank.

Extended to ReNew Solar Power Private Limited under the Voluntary Retention Route (VRR), the 10-year financing will support renewable energy projects currently under construction across the ReNew group.

The transaction marks FMO’s largest single-ticket investment in India’s energy sector and its largest 2X-aligned corporate financing in Asia to date, underscoring the growing role of international development finance in supporting India’s clean energy transition.

The facility qualifies under the 2X Challenge, a global initiative focused on advancing women’s economic participation and empowerment through investment. Proceeds from the INR-denominated financing will be deployed towards ReNew’s under-construction renewable energy projects.

The long-term financing strengthens ReNew’s access to international capital and further diversifies its funding base across domestic and global markets. With a 10-year tenor aligned with the long operating life of renewable energy assets, the facility provides stable capital to support the Company’s expanding portfolio and continued growth.

Kailash Vaswani, Chief Financial Officer, ReNew, said: “This financing is a strong endorsement of ReNew’s scale, execution capabilities and long-term growth strategy, and reflects the confidence of leading global institutions in India’s clean energy opportunity. The 10-year facility gives us access to stable, long-term capital at a critical stage of our portfolio build-out, while further diversifying our funding sources across international and domestic markets. We are delighted to strengthen our partnership with FMO and channel this capital towards projects that will contribute to India’s rapidly expanding clean energy ecosystem.” 

Marnix Monsfort, Director & Head – Energy, FMO, said: “We are pleased to partner with ReNew on this 2X-aligned investment and support the Company’s growth ambitions. As FMO’s largest investment in India’s energy sector, this transaction demonstrates our commitment to supporting India’s energy transition through impactful, large-scale financing solutions. ReNew has established itself as a leading renewable energy company in the country, and we look forward to supporting its continued contribution to India’s clean energy future.”

The financing comes at a pivotal moment in India’s energy transition, as the country accelerates the deployment of renewable energy and the investment required to build the infrastructure of a low-carbon economy. For ReNew, the transaction reinforces its ability to mobilise long-term global capital at scale and deploy it towards projects that expand India’s clean energy capacity. It also deepens the Company’s relationship with FMO and reflects a shared commitment to financing an energy transition that is sustainable, inclusive and economically resilient.