ReNew Power is raising $800 million through a five-year loan, with Societe Generale, Standard Chartered, and SMBC acting as lead banks. This significant borrowing, likely to be priced next quarter, will be used to refinance operational projects, aiming for a rate of 350-400 basis points over SOFR.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays