Privately held ReNew on Tuesday said that it had completed a $265m round of equity funding led by Abu Dhabi Investment Authority, with existing investors – including Goldman Sachs and Global Environment Fund – also chipping in more money.
The money will be spent on wind and solar projects across India.
Goldman Sachs is the biggest shareholder in New Delhi-based ReNew, which claims to have both the largest portfolio of commissioned renewables assets in India (totaling 700MW) as well as the largest portfolio under construction (900MW).
The
