Goldman To Buy Majority Stake In ReNew Wind For $202M

Law360, New York (September 26, 2011, 12:08 PM EDT) -- The private equity arm of Goldman Sachs Group Inc. said Monday that it would pay $202 million to buy a majority stake in ReNew Wind Power Pvt. Ltd., a clean energy startup founded in India by former Suzlon Energy Ltd. executive Sumant Sinha.

Goldman said the investment, the largest in India's renewable energy industry, demonstrates its belief in the potential for growth in the country's clean energy sector, which has received significant backing from the Indian government, both in the form of financial incentives and tax...
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