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Goldman-Backed ReNew to Invest $9 Billion in India’s Green Push

April 8, 2021, 1:27 AM

ReNew Power Pvt., one of India’s biggest renewable power producers, plans to invest $9 billion in wind and solar projects through 2025 amid a government-backed effort to reduce emissions.

The company, backed by investors such as Goldman Sachs Group Inc. and Canada Pension Plan Investment Board, aims to more than triple its renewable power capacity to 18.5 gigawatts by 2025, Chairman Sumant Sinha said in an interview. The Gurugram, India-based company will look at building its own projects as well as acquisitions for growth.

India, the world’s third-biggest emitter of greenhouse gases, aims to reduce its dependence on coal...

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