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ReNew eyes US market for solar modules

Financial Express Hyderabad

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May 10, 2025

ReNew Energy is betting big on export of solar modules, with the expectation of major gains in the US market, as competitors from Southeast Asian nations face additional tariff barriers.

- ARUNIMA BHARADWAJ

Additionally, the company is looking at energy storage solutions projects, including pumped and battery energy systems.

While an additional 13-14 gigawatt renewable energy (RE) capacity is being built, the firm has tied up power purchase contracts for roughly half of that.

"Solar module exports is something we are exploring, particularly in the US market. We have to see what shape the (US) tariff policy takes. Recently, the US also put tariffs on solar imports from four Southeast Asian nations, so that opens a pretty good opportunity for us," Sanjay Varghese, group president, solar project and manufacturing at ReNew, told FE.

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