NEW DELHI: Renew Power, India’s largest clean energy firm, plans to double its portfolio of running plants and projects under implementation to 10,000 MW in five years, an ambitious growth plan that has cheered its major investor Goldman Sachs.
The expansion would require an investment of Rs 40,000 crore to Rs 50,000 crore, going by the average cost of projects in the industry, although the company did not share financial details. Project economics vary across the country, depending on the cost of land and the intensity of sunlight or wind.
