Sumant Sinha

Sumant Sinha

Chairman and Managing Director
ReNew Power

A leading first generation entrepreneur, Sumant Sinha is the Founder, Chairman and Managing Director&nbsp;of ReNew Power � India�s largest clean energy company. He started his career as an investment banker<br>in the US and UK with leading global banks such as Citibank and ING, post which he returned to India&nbsp;and was the Group CFO of the Aditya Birla Group for 5 years till 2007, and then COO at Suzlon.<br>Sumant founded ReNew Power in January 2011, starting with a small wind project of 25 MW in Gujarat&nbsp;and a vision to transform the way energy is produced and consumed in India. Since then, under his<br>leadership, ReNew Power has grown exponentially to emerge as India�s largest renewable power&nbsp;producer with nearly 8,000 MW of commissioned and under-construction, wind and solar capacity,<br>spanning more than 100 sites across India. ReNew is also the first Indian company to cross 5,000 MW of&nbsp;commissioned capacity in this sector. It is the only clean energy unicorn in India and has raised more<br>than $1.4Bn of equity till date, with a total asset base in excess of $6.5Bn. Equity investors include&nbsp;Goldman Sachs (the storied US investment bank), CPPIB (the largest Canadian pension fund), ADIA (the<br>biggest sovereign wealth fund in the Middle East), and JERA (the biggest Japanese utility). The company&nbsp;is now among the largest Indian infrastructure companies, and the total funds raised is among the highest<br>amongst any new company in India. ReNew now generates 1% of India�s total electricity and helps&nbsp;mitigate half a percent of India�s total carbon emissions.<br>Sumant is a passionate advocate for solutions related to climate change through the intersection of&nbsp;business and public policy. As an expert on economic policy and climate change, he speaks extensively<br>at global platforms, such as the World Economic Forum and forums organized by the Financial Times,&nbsp;Fortune, and top global universities. A sought after columnist and commentator, Sumant has authored&nbsp;more than 100 articles in leading global and Indian publications.<br>Sumant is a member of the Stewardship Board on Shaping the Future of Energy at the World Economic&nbsp;Forum, and serves as the Chair of The Climate Group�s India Advisory Board. He is a member of the<br>Board of Directors of the US India Strategic Partnership Forum (USISPF). He chairs both the CII�s&nbsp;Renewable Energy Council, and the Climate Change Council, and has been the CII Northern region head<br>as well. Sumant is also on the Board of Governors of IIT Delhi, IIM Calcutta and the School of&nbsp;International &amp; Public Affairs at Columbia University. He is also an alumnus of the same 3 prestigious&nbsp;institutions.<br>For his achievements in the area of entrepreneurship and clean energy, Sumant has won several awards&nbsp;including the coveted �Economic Times Entrepreneur of the Year Award, 2018�, �EY Entrepreneur of the<br>Year, 2017�, �Champion of Tomorrow� by CEO Awards and the �Outstanding Start-up of the Year� �&nbsp;Forbes India 2017, and �IIT Delhi Distinguished Alumnus Award, 2018�. Recently, Sumant also received<br>The Entrepreneur India�s �Entrepreneur of the year� award for 2019 and �IIM Calcutta Distinguished&nbsp;Alumnus Award, 2019�.<br>

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