SUMANT SINHA, FOUNDER & CEO, RENEW
S ReNew, the country's largest renewable energy company, last month said it plans to invest ₹44,000 crore by FY26 to add about 10 gigawatt(GW) capacity. Its parent ReNew Energy Global recently signed a memorandum of understanding with ADB for debt financing of over $5.3 billion. Sumant Sinha, founder and CEO of the company tells, Raghavendra Kamath & Arunima Bharadwaj about its plans and new areas of business. Excerpts.
You are already India’s largest renewable energy company, with almost 10% market share. What is the journey ahead?
We take great pride in leading the way in India’s sustainable energy transition at ReNew. Our current portfolio stands at 13.8 GW, with approximately 8.3 GW already commissioned and 5.5 GW committed to future projects. In addition, we also have won another 5 GW of auctions where we’re awaiting PPA’s (power purchase agreements). In the next three years, we anticipate being ranked among the top 5 companies in India in terms of capital expenditure. As of now, we contribute 1.8% of India’s total installed power capacity and have played a pivotal role in reducing the country’s power sector emissions by 0.5%.
You want to become a full-fledged decarbonisation partner for corporations. Does that mean—a one-stop shop for all things renewable? Are you spreading yourself too thin?
Diese Geschichte stammt aus der December 19, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der December 19, 2023-Ausgabe von Financial Express Mumbai.
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