ReNew CEO Sumant Sinha warned that grid delays and curtailments have already cost renewable developers ₹700 crore, leaving “no room for further losses.” With transmission projects lagging and storage adoption urgent, he urged swift action to safeguard India’s renewable energy targets of 35% share by FY2030.
ReNew, India’s leading renewable energy company, has sounded a strong warning against persistent grid delays and curtailments that have already cost the sector billions. CEO Sumant Sinha emphasized that there is “no room for further losses”, urging policymakers and regulators to act swiftly to resolve transmission bottlenecks.
Key Highlights
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Mounting losses: Between March and August 2025, at least 30 solar and wind plants faced curtailments, leading to combined losses of nearly ₹700 crore.
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Infrastructure gap: Transmission projects are lagging behind the rapid pace of renewable capacity additions, particularly in high-generation states like Rajasthan.
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Sector risk: Analysts warn that without urgent investment in storage and grid expansion, India’s renewable targets could stall.
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CEO stance: Sinha stressed that ReNew cannot absorb further financial setbacks, highlighting the need for predictable evacuation infrastructure and better demand forecasting.
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Policy urgency: The statement comes as India aims to raise renewable energy’s share to 35% by FY2030, up from 22% in FY2025.
This warning underscores the critical need for grid modernization and storage solutions to ensure India’s clean energy ambitions remain on track.
Sources: Mercom India, BusinessWorldBW Businessworld, Down To Earth