Indian renewables developer ReNew Power has filed for an initial public offering (IPO) that financial commentators said could end up raising more than $1bn.
The developer – which is backed by Goldman Sachs and other major international investors – told Indian regulators it plans to raise 26bn rupees ($387m), said reports by Reuters and other financial media in India.
An IPO has been on the cards for some time for ReNew Power, which since 2011 has emerged as one of the most ambitious players in India’s wind and solar sectors – the two key generation sources in Indian government plans to have 175GW...
