US-based investment banking firm Goldman Sachs's private-equity unit is set to invest $135m in ReNew Wind Power – an Indian renewable energy firm.

This move comes after Goldman has announced an investment of around $487m in JRE – a Japanese solar power generation firm.

The investment is being made is in line with Goldman Sachs’s commitment to provide around $40bn to firms globally that promote clean technology alternatives over the next 10 years.

Apart from this investment, ReNew has earlier received around $250m in financing from Goldman Sachs.

The shortage of energy production in India and Japan, and new feed-in tariffs that guarantee the price paid for renewable electricity are anticipated to increase the investment.

Commenting on the initiative, Goldman Sachs Asia private equity co-head Ankur Sahu was quoted by as saying that the company had been looking for investments in the Japanese and Indian renewable energy sectors in order to overcome the imbalances in the supply demand.

Meanwhile, Goldman has earlier invested in the technology side, including an early stage investment in and exit from Suntech Power, and also has a stake in a South Korean maker of towers for wind turbines – CS Wind.