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Goldman Sachs funded ReNew Wind Power’s 25.2 MW Gujarat wind farm starts generation

According to reports, Mumbai-headquartered  ReNew Wind Power has commissioned its first wind power project of 25.2 megawatts near Rajkot in Gujarat, the independent power producer said in a statement.

ReNew Power, which was founded by  Sumant Sinha who was earlier the chief operating officer of wind turbine major  Suzlon Energy, has plans of setting up 85 mw of wind energy capacity spread across Gujarat and Maharashtra.

“With this project we further establish the vision of rapidly expanding our footprint in the growing Indian wind energy market. We at ReNew Power are confident of becoming one of the leading Renewable Energy producers in India,” Sumant Sinha, founder chairman and chief executive officer of ReNew Power, was quoted as saying.

In September 2011,  Goldman Sachs acquired majority stake in ReNew Wind Power for Rs 1,000 crore.

ReNew Wind Power bought 12 turbines of 2.1 megawatts each for the project from Suzlon Energy.

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