ReNew Goldman

Goldman invests in Indian wind power company

The principal investing division of Goldman Sachs strikes a deal to invest $200 million in Sumant Sinha's company ReNew Wind Power.
September 26, 2011
ReNew Wind aims to expand its wind power portfolio by up to 300MW per year AFP

Goldman Sachs has inked a deal to invest up to $200 million in ReNew Wind Power, a renewable-energy independent power producer IPP based in India. The deal represents one of the largest investments in India’s renewable-energy generation sector by a financial investor.

ReNew was founded by Sumant Sinha, who is currently chairman and chief executive officer of the company. Sinha, who is the son of a former finance minister of India, was previously chief operating officer of Indian wind turbine manufacturer Suzlon...

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