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"I'm sure that sustainability will come to the forefront in the longer term as people have not forgotten that aspect," Sinha said
Ahmedabad-based Torrent Power has submitted a non-binding offer (NBO) for ReNew's solar and wind assets of 350 and 450 Mw for $450 million
'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha
Assocham president Sumant Sinha has called for bringing down interest rates for the industry, especially for the domestic renewables sector, which is seeing high rates of 8-10 per cent compared to 3-4 per cent in the western markets. On his expectations from the government for the domestic power and renewable energy sectors in the upcoming budget, Sinha said interest rates should be brought down for the rate-sensitive sector. Finance Minister Nirmala Sitharaman is scheduled to present the budget on February 1. "Bring down the interest rates because ours is a very interest rate-centric sector. ...it is high compared to what you pay in other parts of the world. In India, the rate is in the range of 8 per cent to 9.5 per cent for the industry and (specifically) in power and renewables (sectors) it is 8-10 per cent," Sinha, who is also the Chairman of ReNew Power told PTI in an interview. "In the western world, rates are 3 to 4 per cent." Sinha said every 1 percentage point increase i
ReNew said it will produce the clean energy at its recently commissioned solar site near Bikaner in Rajasthan to supply it to the technology company
The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors
In a chat with Business Standard's Arup Roychoudhury, CEO of ReNew Power and President of Assocham Sumant Sinha tells why India could grow at 6-8% per annum if external risks don't upset the cart
Does draft battery-swapping policy address e-scooter concerns? What's Sumant Sinha's take on economic recovery? Will markets absorb Fed's whiplash? How does in-flight WiFi work? Answers here
Private sector capex is already picking up right now, there are investments happening certainly in the infrastructure space: Sinha
London-based Climate Group announced the appointment of Sumant Sinha, chairman and managing director of domestic renewable energy company ReNew Power, as a trustee on its UK board for three years
Sinha explains why constantly falling tariffs in the renewable sector are not much of a bother
Sumant Sinha started ReNew Power when the UPA II government was focused on clean energy