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Sumant Sinha

Immediate Past President, ASSOCHAM
Chairman and Managing Director, ReNew Power

About

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Sumant Sinha is the Chairman and CEO of ReNew Power - India`s leading clean energy company and among the top 10 largest renewable IPPs globally by capacity. A leading first-generation entrepreneur, Sumant founded ReNew Power in January 2011, with a vision to transform the way energy is produced and consumed in India. Since then, under his leadership, the company has grown exponentially and is today one of India`s premier renewable energy companies with an aggregate portfolio of more than 10 GW spread over 110 sites. ReNew Power was the first Indian renewable energy company to cross commissioned capacity milestones of 1 gigawatt (GW) and 2 GW, and is presently the only company in the Indian renewable energy sector with over 7 GW of operational capacity. ReNew Power generates nearly 1.8% of India`s total electricity annually, and in doing so helps mitigate half a per cent of India`s carbon emissions in a year. In August 2021, ReNew Power started trading on NASDAQ under the ticker RNW.
Sumant is Co-Chair of the Electricity Governor`s Group and member of the Stewardship Board on Shaping the Future of Energy and Alliance of CEO Climate Leaders, at the World Economic Forum. He serves on the Board of Directors of the US India Strategic Partnership Forum (USISPF). He is a member of the Board of Trustees, for The Climate Change Organization and chairs the India Advisory Group, The Climate Group. Sumant has been instrumental in ReNew joining as a founding member of the First Movers Coalition (The First Movers Coalition is a public-private partnership between the US State Department, through Special Presidential Envoy for Climate John Kerry, and the World Economic Forum). Sumant has been recognized as an SDG Pioneer by the United Nations Global Compact, a first for any Indian business leader, for his work in the areas of energy transition and gender equality. Recently, he was also recognised as `Trailblazer of the Year 2021` by S&P Global Platts.
After starting his career in the Tata Administrative Service, Sumant worked as an investment banker with Citicorp and ING Barings in the US and UK, before heading finance in one of India`s largest conglomerates, the Aditya Birla Group. He was also COO of Suzlon, India`s largest wind turbine company. Sumant has a Master`s degree in International Affairs from Columbia University, a degree in business management from the Indian Institute of Management Calcutta and also a B. Tech from the Indian Institute of Technology Delhi.

Expertise

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  • Renewable Energy
  • Sustainability
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