The D. E. Shaw group, a global investment and technology development firm, has made an equity investment of US$ 15 million in Soham Renewable Energy India Private Ltd. to fund its expansion plan over the next five years, a company official said.  

Incorporated in 2000, Soham is focused on generating power from all the segments of the renewable power sector, including hydro, solar, and wind power. The company has also obtained carbon credits under the Certified Emission

Reduction (CER) program for this project and has sold the credits to one of the largest power utilities in Japan.
Soham recently commissioned a 22 MW hydro project in the state of Karnataka to supply exclusive power to a large multinational corporation.

The capital provided by the D. E. Shaw group will fund Soham’s plans to become one of the frontrunners in the Indian renewable energy space with projects in various regions of India.

Polymath Advisors of Mumbai was the exclusive advisor for the transaction.