‘Full indigenisation of solar value chain in next 5-6 yrs'

ReNew Energy Global is evaluating an opportunity to enter into the wafer and ingot segment after the government’s push to indigenise the domestic solar chain

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CEO Sumant Sinha tells Arunima Bharadwaj in an interview. The company also plans to enter the green fuel segment while expanding its backward integration in manufacturing.

Excerpts:

What do you think should be India's strategy in COP30?

I don't know what India's NDCs (nationally determined contributions) are going to look like, but we have to come out with the NDCs now pretty soon. India has set bigger internal targets than external targets. I suspect the trend will probably continue. Along with every other country in the world, we should continue to push forward on the whole climate change issue.

Renewable energy units‘ ability to meet the peak power demand is only around 15-20% now. When do you think India will be in a position where 50% of the peak capacity will be met by non-fossil fuel power?