Goldman Infuses $201 Mn In India Start-Up

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>US investment bank Goldman Sachs will invest 10 billion rupees ($201.6 million) in equity of Indian renewable energy start-up ReNew Wind Power, the Indian firm said on Monday.<br><br>ReNew Wind Power was founded about 6 months back by Suman T. Sinha, a former chief operating officer of India's Suzlon Energy, the world's fifth-largest wind turbine manufacturer by capacity.<br><br>ReNew expects to reach capacity of 1 gigawatt by 2015 and plans to expand its wind portfolio by 200-300 megawatts annually, the company said in a statement.<br><br>ReNew was advised by SaVant Advisers for the Goldman deal.<br><br>(Reuters)</p>