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Some good news for solar

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• ReNew Power achieves Mileston of 1GW
  Event is good to see successful portfolios in renewable energy
  ReNew Power Ventures Private Limited, India’s leading solar and wind energy Company, on March 31, 2016 became the first company to cross an installed capacity of 1 GW from its clean energy projects in India. This key milestone was achieved within a short span of 5 years with a total of 29 wind and solar projects across 9 states in India.
  
  ReNew Power was founded in 2011 by Sumant Sinha and is present across the states of Gujarat, Haryana, Madhya Pradesh, Rajasthan, Maharashtra, Karnataka, Telangana, Andhra Pradesh and Jharkhand. The company is backed by marquee investors like Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Asian Development Bank and Global Environment Fund. Among new companies in India in the last 5 years, ReNew is fifth largest in terms of total equity raised, the second largest in terms of total capital raised, and the largest on both counts in the renewable energy sector in India.
  
  Ref: solarquarter.com

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