Sumant Sinha is the Chairman and Managing Director of ReNew Power Limited. ReNew Power is the largest renewable energy IPP in India in terms of total energy generation capacity*. The company has a strong track record of nearly doubling its operational capacity in each of the last three Fiscal Years. As of May 2018, ReNew Power has a total capacity of 5.85 GW**.
Under Sumant’s leadership, ReNew Power has demonstrated its ability to access diversified pools of Indian and international capital, including equity, project finance and corporate debt, from a broad cross-section of investors, lenders and other capital providers. Institutional equity investors have invested a total of ₹ 66,965.67 million ($1.03 billion***) in the Company over the years.
Sumant holds a bachelor’s degree in civil engineering from the Indian Institute of Technology, Delhi, a post-graduate diploma in management from the Indian Institute of Management, Calcutta and a master’s degree in International Affairs from the Columbia University. He is also a CFA charter holder and a member of the Institute. He worked as an investment banker in the United States and the United Kingdom at Citicorp Securities and ING Barings Services Limited, respectively, before returning to India as the Group CFO of the Aditya Birla Group and subsequently as the Chief Executive Officer of Aditya Birla Retail. Subsequent to this, he joined Suzlon in 2008 and served as the Chief Operating Officer until 2010.
In 2017, he held the office of Chairman of the Confederation of Indian Industry (CII) – Northern Region and has previously been the Chairman of CII’s Renewable Energy Committee as well as CII’s Solar Task Force. He is also on the Advisory Board of Columbia University’s School of International and Public Affairs. He has also been appointed to the Board of Governors of the Indian Institute of Management, Calcutta and the Indian Institute of Management, Sirmaur. Sumant has won many awards, including the “ET Awards Entrepreneur of the Year, 2018”, the “IIT Delhi Distinguished Alumnus Award, 2018”, the “CEO Lounge Champion of Tomorrow Award, 2018”, the “EY Entrepreneur of the Year Award, 2017” in the Energy, Real Estate and Infrastructure category and the “Outstanding Start-up of the Year Award” for ReNew Power at Forbes India Leadership Awards, 2017”. He was recognized as the “Industry Crusader” at Renewable Energy India Awards 2017 as well as the “Torch Bearer of the Year” at the India Solar Week Leadership Awards 2017.
Sumant is a frequent and sought after commentator in leading global and Indian media such as CNN, NBC America, Financial Times, The Economic Times, Mint and Business Today. Sumant is passionate about market reforms, economic policy, governance, and climate change and speaks extensively at forums organized by Stanford, Wharton, MIT, Columbia University, Financial Times, Forbes, Fortune, Goldman Sachs, Boao Forum, etc.
*Source: CRISIL Report
** Comprising 3.92 GW of operational capacity, 1.66 GW of capacity under development and 0.27 GW of wind power capacity awarded in April 2018 in the fourth SECI (Solar Energy Corporation of India)
***Exchange rate: 1$ = ₹65