Goldman Sachs to invest Rs 1,000 cr in renewable energy start-up

ReNew Wind Power was founded about 6 months back by Suman T Sinha, a former chief operating officer of India's Suzlon Energy

FP Archives|Dec 20, 2014, 04:32:22 IST

New Delhi: US investment bank Goldman Sachs will invest Rs 1,000 crore ($201.6 million) in equity of Indian renewable energy start-up ReNew Wind Power, the Indian firm said on Monday.

[caption id="attachment_92549" align="alignleft" width="380" caption="ReNew Wind Power was founded about 6 months back by Suman T Sinha, a former chief operating officer of India's Suzlon Energy.Reuters"][/caption]

ReNew Wind Power was founded about 6 months back by Suman T Sinha, a former chief operating officer of India's Suzlon Energy, the world's fifth-largest wind turbine manufacturer by capacity.

ReNew expects to reach capacity of 1 gigawatt by 2015 and plans to expand its wind portfolio by 200-300 megawatts annually, the company said in a statement.

ReNew Wind Power was founded about 6 months back by Suman T Sinha, a former chief operating officer of India's Suzlon Energy.

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