Asian Development Bank invested $50m in the company and alternative asset investment-focused Global Environment Fund invested $20m, ReNew said.
Goldman Sachs has previously committed $250m to ReNew since 2011, with its total equity investment in the company now at $390m.
ReNew said the latest injection of cash will enable it to double its clean energy portfolio to 1,000 MW by 2015.
The business owns and runs 460 MW of renewable energy assets in five Indian states and has another 500 MW projects in the pipeline, including a 50 MW solar project in Madhya Pradesh.
Goldman Sachs co-head of private equity in Asia Ankur Sahu said, “Building on our initial $250m investment … which at the time was the largest investment in India’s renewable energy generation sector, the company continues to grow and create jobs in addition to helping reduce India’s carbon footprint.
“The addition of these two world-class, clean energy sector investors will provide ReNew Power with additional momentum.”
Other Goldman Sachs green energy investments include Dong Energy, Horizon Wind Energy and Nordex AG.
Previous investments into India via Goldman Sachs’ private equity division include $110m in Indian cable distributor DEN Networks to fund its growth plans.
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