‘We are closely watching the green hydrogen, ammonia space’

After selling non-core assets in the past, engineering and construction company Larsen & Toubro (L&T) is focusing on areas such as hydrocarbon, renewable energy and power transmission in the energy sector. Subramanian Sarma, deputy managing director and president, energy, talks to Raghavendra Kamath about opportunities in the sector and shares his outlook. Excerpts:

- SUBRAMANIAN SARMA, DEPUTY MANAGING DIRECTOR & PRESIDENT, ENERGY, L&T

West Asia is seeing a lot of renewable energy projects. Which segments offer the maximum opportunities? West Asia is undergoing a major transformation in its energy landscape. Several countries in the region are actively investing in renewables as part of their broader economic diversification and sustainability goals. The solar potential here is immense, and governments are moving decisively to capitalise on it through large-scale photovoltaic and concentrated solar power (CSP) projects. Beyond solar, hybrid renewable systems and grid-scale energy storage are fast emerging as critical enablers of reliable clean power. Pumped storage and battery storage technologies, in particular, are gaining prominence as countries seek to balance grid stability with intermittent renewable generation. The region is also making meaningful strides in green hydrogen, a segment still nascent but with significant long-term promise, given West Asia’s abundant solar resources and export ambitions.

What are the key opportunities in India’s renewable energy basket?