Sumant Simha, Chairman & Managing Director, Renew Power Pvt Ltd
A company in the renewable energy industry can only flourish through effectiveness in action, mere knowledge isn’t enough. Through consistent positive performance in the field, such a company becomes more than just a service provider – a market leader.
In India, the present market leader is ReNew Power Private Limited. The company develops, builds and operates utility scale wind and solar energy projects as well as distributed solar energy projects to generate energy for commercial and industrial clients. It was established in 2011 by Sumant Sinha, a well-accomplished business leader and since then, it’s become an incredible success story.
“ReNew Power has emerged as the largest renewable energy independent power producer (IPP) in India in terms of total energy generation capacity. We have a strong track record of organic and inorganic growth having nearly doubled our operational capacity over the recent years. We have achieved market leadership in the Indian renewable energy industry against the backdrop of the government of India’s policies to promote growth of this sector,” Sumant Sinha says. The company has grown faster than the entire Indian renewable energy industry over 2011 – 2019 and has creating job opportunities for about 75,000 people.
Leading the Sector through Effective Leadership and Innovative Solutions
Sumant Sinha, the Chairman and Managing Director of ReNew Power, set up the company fully believing in the advantages promised by renewable energy. Previously, he’d worked successfully in several leading roles in global organizations, but he was passionate about being an entrepreneur and contributing to mitigate climate change. He pursued a rare opportunity to create a valuable company that encourages sustainability in all walks of life, supports energy security, fights climate change and creates a cleaner economy with countless job opportunities. Thus, ReNew Power was established in Gurugram, Harayana with an ambitious vision to build one of the top renewable energy companies of the world.
Beginning with a single 25.2 MW wind project, ReNew Power began raising millions of dollars of funds, commissioning many wind and solar energy projects and investing in equity shares. It started steadily building value through reliably and efficiently generating non-conventional power through solar and wind power solutions.
“ReNew Power today operates more than 100 utility scale projects spread across 8 states in India, generating 1 % of India’s total electricity and helping to mitigate 0.5 % of India’s total carbon emissions,” Sumant Sinha says. The company owns and manages renewable energy assets that produce over 8 GW, of which 5 GW is operational. It also manages over 250 solar installation sites spread across 76 cities in 17 states in the country.
Helping the Rural Communities of India
Corporate social responsibility in the form of helping the rural communities of India is a fundamental component of ReNew Power. Through its ReNew India Initiative (RII), the company gives back to the community, especially rural India in tangible ways. It supports rural societies through education, providing essential supplies, setting up vital facilities, empowering women, taking care of the environment and more. Its dozens of programs that support the holistic development of villages have touched 149 villages in over 8 states.
Committed to Continuously Grow and Support India Unconditionally
ReNew Power is committed to the well-being of the environment and to safe work practices to prevent occupational health and safety risks. It has implemented an environmental and social management system to effectively manage these goals in its daily operations. It’s also committed to continually improve standards of quality, environment, health and safety performance in its operations.
ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable and socially responsible manner today. To realize its vision of world-class renewable energy services, the company has been building a portfolio of exceptional assets. Sumant Sinha’s outstanding leadership and the entire company’s success has attracted many prestigious awards and its success story has been noted and published by the media.
Today, ReNew Power stands at the forefront of the renewable energy industry leading the nation towards a more sustainable, healthier and cleaner future, in many ways. Recently, the company committed over 20 crores to combat the COVID-19 pandemic sprawling across the nation and the world. In this state of emergency, the company has kept its power generating sites operational to ensure that regular power reaches essential infrastructure and services. “We, at ReNew, salute the selfless service of all those who are battling the pandemic, especially the medical fraternity and will continue to work towards empowering them with whatever help is necessary,” Sumant Sinha says.