Solar panel prices to stabilise as domestic supplies pick up: Sumant Sinha, chairman and CEO, ReNew Power
Sumant Sinha, chairman and CEO of ReNew Power, says investors continue to be bullish on India’s solar sector. According to him, import restrictions on modules won’t pose any serious threat to solar project developers if the domestic module manufacturing capacity is developed quickly. Sinha, who is also the president of industry body Assocham, says there are structural reasons for the power outages occurring in many parts of the country at present. “We need more investments in the power sector, especially in green infrastructure — wind-solar hybrid and storage systems — to be in line with demand growth. Otherwise, we may see these shortages persisting for a longer period,” he tells FE’s Vikas Srivastava during an interview. Edited excerpts:
