Date:26/09/11,
Private Equity,
Cross Border Deal, Announced,
Goldman Sachs is investing $201.6 million in renewable energy startup, ReNew Wind Power.
ReNew Energy founded in 2011 by Suman T Sinha - exCEO of Suzlon Energy. It is developing a 25 MW wind farm in Gujarat and a 60 MW wind farm in Maharashtra.ReNew expects to reach capacity of 1 gigawatt by 2015 and plans to expand its wind portfolio by 200-300 megawatts annually.
ReNew was advised by SaVant Advisors.
ReNew was advised by SaVant Advisors.
The company has entered into agreements with Kenersys GmBH, Regen Powertech Pvt and Suzlon Energy Ltd to establish and operate wind farms throughout India.
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