ReNew Power invests Rs 6,700 cr to double its capacity

ReNew Power Ventures Pvt Ltd announced that the company has doubled its power generation capacity in a single year’s time to cross 2 GW. In the financial year 2016-17, the company has made investments of Rs 6,700 crore (approximately US$ 1 billion) to add 430 MW of solar and 626 MW of wind capacity. In February, the company raised Rs 3,100 crore through issuance of Rupee denominated bonds (Masala Bonds) to an overseas Special Purpose Vehicle.

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