ReNew Wind Power secures Goldman investment

ReNew Wind Power, a rene­wable energy independent po­wer producer (IPP), announced it has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs, a leading global investment bank and active investor in alternative energy/clean technology. This is the largest investment in India's renewable energy generation sector. ReNew Wind Power has si­gned business framework agreements with Kenersys GmBH, Regen Powertech and Suzlon Energy to establish and operate wind farms throughout India and will expand its wind portfolio by 200-300 MW annually. Currently, ReNew Wind Power has several wind projects under development.