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ReNew Power targets 3.500 Mw extra capacity every year

To maintain its share of 10% green capacity by 2020

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Renew Power

Jyoti Mukul  |  New Delhi 

The Goldman Sachs-supported ReNew Power plans to add 3,500 Mw every year to maintain its share of 10 per cent green capacity by 2020. The company, which has 1,130 Mw of commissioned capacity, will require $10-12 billion funding, of which equity will be around $3 billion.

India plans to add 175 Gw capacity by 2020, for which 35,000 Mw will need to be added every year. “Of this 35,000 Mw, we plan to take a 10 per cent share,” Sumant Sinha, founder and chief executive officer, ReNew Power, told Business Standard. ReNew Power would require $8-10 billion in debt ...

First Published: Sat, August 27 2016. 22:19 IST
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