India’s Solar and Clean Energy Growth Seen as Strong by Renew CEO at Davos

India’s Solar and Clean Energy Growth Seen as Strong by Renew CEO at Davos

January 21, 2026

Davos, Switzerland — India’s solar and renewable energy sector is gaining significant momentum, and the head of one of the country’s largest clean energy firms says the market is on a strong growth path, driven by rising power demand and strategic investments. Sumant Sinha, Chairman and CEO of ReNew Energy Global, spoke about India’s expanding role in the global clean energy landscape at the World Economic Forum Annual Meeting in Davos, underlining opportunities in both energy production and related technologies.

Sinha highlighted that demand for electricity—especially from sectors like artificial intelligence and data centres—is increasing rapidly, creating a robust need for low-carbon power sources. He indicated that renewable energy can meet a large majority of this emerging demand and pointed out that ReNew is planning a carefully paced expansion looking beyond just energy generation to areas like energy storage and manufacturing of solar components. ReNew is also exploring downstream opportunities in green hydrogen and green ammonia, reflecting the broader trend in India’s clean energy ecosystem.

Speaking at the forum, Sinha said that the company’s strategy avoids rapid, overly aggressive growth in favor of a measured approach that takes into account long-term sustainability and market realities. He emphasized that integrating new technologies, such as using artificial intelligence to improve asset performance, will play a role in enhancing renewable energy operations. He also noted that renewable energy capacity needs to grow substantially to meet India’s future requirements, with ambitious estimates placing utility-scale needs far above current levels over the coming decades.

India’s wider clean energy ambitions—which include targets for far larger non-fossil fuel capacity by 2030—were also in focus during discussions at the forum as global leaders highlighted the potential for continued investment and collaboration in the sector.