India: Sumant Sinha in talks for $100m funding to hike ReNew Power stake

Founded in 2011 by Sumant Sinha, ReNew Power has now over 1,000 MW of operational capacity from its own wind and solar projects. Photo: Pradeep Gaur/Mint

Sumant Sinha, founder and chief executive officer of Goldman Sachs-backed green energy producer ReNew Power Ventures Pvt. Ltd, is in talks to raise up to $100 million in promoter financing to increase his stake in the company ahead of a proposed share sale, said two people aware of the development.

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