Power Renew set to add more capacity than 8-gigawatt (GW) in the year 2021-22, an additional judge biggest in the financial year by each player of clean energy in India, and was on track to end the current financial year with Pipeline project from more than than10GW, the company’s founder, chairman and CEO Sinha Sinha told TOI …
How do I update the personnel in the field? This has been a pretty good year for us.
We crossed the assigned capacity 7.4GW – added 1.8GW, 1.5GW which is organic.
We will end (FY22) with 8.2GW.
This will be the largest capacity addition in a single year by anyone, certainly from an organic standpoint.
Compared with 5.6GW at the beginning of the year, our capacity will be increased by about 45%.
What is expected to launch next year? Some of the capacity to be added last year to this year pushed for Covid.
Next year (FY23), we will have a total project pipeline 10.3GW.
Thus, over and over 8.2GW, we have another 2.1GW.
Most of it will be assigned on FY23.
Each acquisition will be over and above that.
How trends developer states that twist arms to renegotiate the tariffs affecting the sector? The moment any contract is not respected in any sector by one of the two parties, it is considered very negative for the entire business environment in any sector and across the country as a whole.
The legal position (the renewable energy industry) we are very strong: no one can randomly cancel PPA (Power Purchase Agreement) …
I do not worry about the most basic things, but it can still cause some degree of interference with the market.
PPA is a sacred document.
Please note that there are many legal priority to the enforcement of contracts.
Are investors, especially from abroad, understand this? They understand on an intellectual level, but no one wants this kind of disturbance occurred.
All this makes it worse sentiment from the viewpoint of an investment in the future.
This increases the risk of your premium.
What do you think about the rising cost of solar equipment and supply chain issues? Basic customs duty will come in the next year and raise the cost of more …
at 2:50 Rs one unit, the sun is still very cheap.
No real problems for this sector due to our products (solar) would be cheaper than anything else out there.
There is enough space in today’s solar prices to absorb all of these costs and still quite attractive to the ultimate purchaser.
If people have a number of aggressive, they will suffer because they will get a return that is much lower than expected.
There is a feeling in the industry that many developers are aggressively offering rates that can not be touted to achieve project …
how it affects your renewal or other serious player? Our view is that, given the number of serious bidders, you now have to make some barriers so only serious bidders entered.
Are you also planning to list in India? We have $ 1 billion in cash, the making of a strong cash flow and we all set out in 2025 to reach 18GW of capacity commissioned.
How to plan your manufacturing? We’re looking at solar cells and modules and we install 2GW cell and module factory with a view to supplying its own.
‘Breaking contracts hits biz sentiment’
