The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
The renewable energy major, after the merger with RMG Acquisition Corp. II, will have an enterprise value of $8 billion. ReNew Power's founder, Sumant Sinha, will head the combined entity.
As if low efficiency, competition from renewable players, and fuel supply issues were not challenges enough for coal-based power plants, high pollution norms are likely to accelerate their demise.
Mainland China, the U.S., and India bear the highest economic cost from fossil fuel air pollution.
Investors remain wary of investing in renewable energy particularly in developing countries, which have large untapped potential for both solar and wind energy.
Battery storage could be the next frontier for the power sector in India where hardships from power outages are not a distant memory.
Despite the success that the Indian solar power industry has achieved in the last few years, there still remain policy-related challenges to consider.
But only after 25-year power purchase agreements “come to an end”.
The government appears to be profiteering from its CNG push rather than promoting it as a clean and efficient fuel. A change is badly needed.
