ReNew said the $140m of new equity investments will help it achieve its growth ambitions of doubling its clean energy portfolio to 1GW by the end of 2015.

The ADB comes in with $50m and GEF $20m. They join majority-owner Goldman Sachs, which invested $202m in September 2011 and a further $135m in June last year.

ReNew Power operates 460MW of renewable capacity in five Indian states.

It