ReNew Power doubles installed capacity to over 2 GW with $1-bn investment

In February, it raised Rs 3,100 crore through issuance of rupee-denominated bonds

Sumant Sinha-led ReNew Power Ventures doubled its power generation capacity in a year's time to cross 2,000 MW. It achieved the target with Rs 6,700 crore (approximately $1 billion) investment adding 430 MW of solar and 626 MW of wind capacity.

Over the past six years, the company has increased its capacity multifold — starting from 200 MW in the financial year (FY) 2011-2012 to 2 GW as on March 31, 2017.

“In April 2016, we were the first company in India to achieve 1 GW of commissioned renewable energy capacity. The doubling of our capacity to 2 GW within a year by