India’s ReNew Power Ventures Pvt Ltd has raised $US140 million from three investors, including a private equity fund managed by Goldman Sachs, the renewable energy firm said on Thursday.
Asian Development Bank invested $US50 million, while Global Environment Fund, a leading alternative asset investment firm focused on energy, environment and natural resources, invested $US20 million, ReNew Power said in a statement.
Goldman Sachs, which had previously invested $US250 million in the company in 2011, pumped in the remaining $US70 million.
ReNew Power owns and operates 460 MW of renewable energy assets in five states across India and has another 500 MW projects in the pipeline, including a 50 MW solar project in Madhya Pradesh.
The latest fund infusion will enable ReNew Power to scale up as the company aims to double its clean energy portfolio to 1,000 MW by 2015, the statement said.
Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…
The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…
GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…
The electrical generation market is facing a number of challenges, including the need to increase…
Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…
The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…