Energy & Science
India Is Showing Developing Countries How to Quickly Transition to Solar
The rise of Sumant Sinha’s ReNew Power has come in spite of the country’s corruption, bureaucracy and high capital costs.
Sinha in Gurugram, India.
Photographer: Mahesh Shantaram for Bloomberg GreenThis article is for subscribers only.
Ten years ago, solar power barely existed in India. Now the country is adding more generation capacity from solar than coal. It’s showing other sun-soaked developing countries how to rapidly deploy cleaner energy even in the face of corruption, red tape, and weak finances.
Much of India’s success in executing a tricky energy transition can be attributed to entrepreneurs such as Sumant Sinha. The 56-year-old is the chairman and managing director of ReNew Power Pvt Ltd., the country’s largest renewable energy developer.