Advancing Renewable Energy And Sustainable Growth In India – Sandip Agarwal, CEO India, Enfinity Global

• Enfinity Global secured grid connectivity for 2 GW of solar and wind projects in India. What were the key factors in site selection, and what impact will these projects have on India’s renewable sector?

Securing grid connectivity for 2 GW of renewable projects is a significant milestone. Our approach to site selection is driven by our long-term perspective and targeted to achieve an overarching objective of lowest risk-adjusted LCOE; including a combination of factors like resource availability, speed of execution, market competitiveness, market maturity, and regulatory landscape.

From an industry perspective, grid interconnections remain a challenge due to network limitations. While India is making commendable progress in expanding its green energy corridor, the process takes time. Most new capacity is expected to be online post-2027, but our projects will be operational by 2026-27, ensuring a timely contribution to India’s 2030 renewable energy targets.

These projects will provide reliable, cost-effective clean energy to industries such as manufacturing, data centers, automotive, steel, and pharmaceuticals, supporting their decarbonization goals. By delivering clean power at scale, Enfinity Global is playing a critical role in strengthening India’s renewable energy ecosystem and driving the transition toward a more sustainable future.

• How does the recent $135 million financing from the Canada Pension Plan Investment Board support Enfinity’s project execution and growth in India?

We have a long-term investment strategy. This means that we “design to build” and “build to own” and operate our projects in the long term.  Our capital formation strategy is built on partnering with global market investors who share our vision for sustainable energy transition.

Our approach to capital structuring is rooted in financial discipline, corporate governance, and scalability. The recent financing with marquee investors is a validation of the confidence that global investors have in our ability to execute large-scale renewable projects efficiently. Having access to global capital allows us to deploy resources efficiently, expand our footprint, and support India’s clean energy transition sustainably.

At the core of our strategy is a commitment to delivering innovative, cost-competitive energy solutions to industries and utilities, driving both economic growth and environmental sustainability.

• How is Enfinity adopting advanced solar technologies to improve efficiency and sustainability in its Indian projects? Any specific innovations?

A key differentiator is our advanced global asset management platform, which leverages AI-driven analytics to monitor performance at every level—from individual devices to entire plants. This enables proactive event management, allowing us to identify underperformance trends and optimize efficiency through predictive analytics.

Also, we are advancing towards Digital Twin technology, an AI-powered solution that enhances fault detection with geographic precision. This system provides real-time diagnostics on equipment health, reducing downtime and improving operational reliability.

• What are Enfinity Global’s short- and long-term goals in India? How does the company align with India’s 500 GW non-fossil fuel target by 2030?

We are a long-term player in India’s energy transition journey. Our objective is to deliver firm, reliable, and dispatchable renewable energy. Our approach is agile and market-responsive, allowing us to adapt our strategy as industry dynamics evolve. While we would like to stay ahead of the market and become a market maker, but the evolution will depend on local market dynamics.

In the short term, our focus is on accelerating project execution, expanding our 2 GW solar and wind pipeline, and delivering dispatchable energy solutions to corporates, industries, and utilities. We prioritize matching demand and supply curves, ensuring that clean energy is delivered reliably, efficiently, and competitively.

For the long term, our goal is to be a key contributor to India’s 500 GW non-fossil fuel target by 2030.

Our global expertise, financial strength, and technology-driven approach position us to scale rapidly while navigating market cycles. As India transitions to a low-carbon economy, Enfinity Global remains committed to being a trusted partner in driving sustainable growth and energy security.

• How do India’s policies on domestic manufacturing and import reduction affect Enfinity Global’s operations? What is your view on the current regulatory landscape?

India’s push for domestic manufacturing and reduced import dependence is a positive step toward building a self-sufficient, resilient, and competitive renewable energy ecosystem, providing energy security while putting pressure on foreign exchange. Policies such as the Production-Linked Incentive (PLI) scheme, Basic Customs Duty (BCD) on solar modules, and ALMM regulations are aimed at strengthening local supply chains. We see this leading to a resilient domestic market that is better equipped to fight global supply shocks.

For Enfinity Global, these policies reinforce our long-term investment strategy in India. While they do present short-term supply chain-related challenges with respect to deliveries, cost, and quality, they also create opportunities for collaboration with local partners. Further, our ability to aggregate demand from other geographies and competence around product understanding coupled with long-standing global relationships allow us to foster deep and long-term collaboration with local partners and an opportunity to deliver superior performance. The regulatory landscape is evolving, and India has taken significant steps to facilitate large-scale renewable deployment. However, ensuring predictability, ease of execution, and a stable policy environment is crucial for attracting continued investment and scaling up renewable capacity. We remain committed to working within this framework, leveraging our global expertise and local partnerships to support India’s ambitious energy transition goals.