Founded By: Mr.Sumant Sinha
Contact Details: Tel +91 22 61919700
Fax +91 22 61919720
News About Investment of $202 mn from Goldman Sachs:
Mission:Our goal is to become one of the leading renewable energy producers in India. Initially the focus will be on becoming a leading owner and operator of wind farms in India. We will selectively look at overseas projects going forward, and will eventually get involved with other types of renewable energy.
Vision:Over the past century, the burning of fossil fuels such as coal and oil have led to a rapid increase of CO2 in the earth’s atmosphere. This increase in CO2 is causing temperatures to rise, resulting in disruptive climate change.
With approximately 1.2 billion people, India is the second most populous country in the world. The Indian economy is the third largest in the world and projected to continue rapid growth. However, energy deficits are threatening India’s economic rise, highlighting the need for an increase in energy capacity. Alternative energy sources are thus key to both the nation’s energy security as well as a cleaner environment.
ReNew Wind Power aims to play an important role in plugging this energy gap. We plan to have a significant presence in all forms of renewable energy – starting with wind, and gradually moving on to other renewables as well. We also look to selectively get involved with overseas projects going forward.