Goldman Sachs Invests US$135 Million in ReNew Power (Asia)

Source: Economic Times  |  Author: Rachita Prasad

The private equity arm of Goldman Sachs has invested US$135 million in ReNew Power, an Indian wind energy firm. This transaction follows two prior investments made by Goldman Sachs in ReNew in 2011, collectively totaling US$250 million and giving the firm a majority stake. ReNew intends to use this financing to scale up its energy production capacity to 1,000 MW by 2015.