RENEW POWER BETS BIG ON HUGE INDIA WIND OPPORTUNITY
Renew Power: Tapping into India's Wind Energy Potential Renew Power is an independent power producer (IPP) in India with a focus on generating electricity from wind.
Ashish K. Mishra, September 18, 2013 (Forbes India)
“…[Former Suzlon CEO Sumant Sinha founded Renew Power] as an independent power producer (IPP) in India with a focus on generating electricity from wind…[It] has an installed capacity of 370 MW (wind farm)…framework agreements with Suzlon Energy and Gamesa to buy wind turbines…[and] Goldman Sachs is a majority stakeholder. It put in USD 250 million in 2011, and in June 2013 another USD 135 million. This made it the largest private equity investment in India’s renewable energy sector…Three factors work to Renew Power's advantage…India’s wind energy potential is about 80,000 MW—only 15,000 MW is installed on the ground…[India has] favourable policy changes…[and] wind energy is a capital-intensive business and Renew Power has done well to secure finances…” click here for more