ReNew's Sumant Sinha: 2026 a Breakout Year for India's Renewable Energy Sector

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CNBC TV18•21-01-2026, 00:40
ReNew's Sumant Sinha: 2026 a Breakout Year for India's Renewable Energy Sector
- •Sumant Sinha, Chairman and CEO of ReNew, predicts 2026 will be a pivotal year for India's renewable energy sector, driven by solar, green hydrogen, and data centers.
- •India has surpassed the US to become the world's second-largest solar market, after China, in annual capacity additions.
- •Sinha highlights a global energy divide between "petro states" (fossil-fuel-rich) and "electro states" (fossil-fuel-poor like India and China) that are rapidly electrifying and decarbonizing.
- •India's strong domestic growth, rising power demand, and strategic push to reduce energy imports are fueling its clean energy expansion.
- •The country is positioning renewable energy as the backbone for new-age infrastructure, including energy-intensive data centers seeking low-carbon power.
Why It Matters: India is poised for a renewable energy boom by 2026, becoming a global leader in solar, green hydrogen, and clean energy-powered data centers.
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