Powering India’s Renewable Future Through Innovation, Integration, and Sustainability – Srinivas Suthram, Head – Business Development, Kshema Power

What growth opportunities do you see in India’s utility-scale renewable energy sector?

India’s renewable energy sector is gaining remarkable momentum. With over 256 GW of non-fossil fuel-based installed capacity and a record addition of around 28 GW in the first half of FY26, the country is well on track to achieve its 500 GW non-fossil fuel target by 2030.

What stands out today is the shift from standalone projects to integrated renewable solutions. Nearly half of the 73 GW of tenders issued in 2024 were for hybrid and storage-based projects, reflecting a move toward round-the-clock renewable power. This opens exciting opportunities for developers like us to deliver more reliable and dispatchable clean energy.

Of course, challenges like PSA delays, grid constraints, and financing hurdles remain, but the direction is clear — India’s utility-scale renewables are evolving in scale, technology, and ambition. We see tremendous potential in hybrid models coupled with energy storage and green hydrogen, which will define the next phase of growth and make India a global benchmark for sustainable energy integration.

How does Kshema Power stay competitive in solar project execution and cost efficiency?

At Kshema Power, we view competitiveness not just as cost or speed, but as a commitment to shaping India’s renewable energy future. Our approach combines strategic foresight, disciplined execution, and technology-led innovation to deliver solar projects that are reliable, scalable, and sustainable.

We emphasize integrated planning, optimized procurement, and strong collaboration with local partners, which enables us to reduce costs while maintaining world-class quality. Leveraging digital tools and data analytics, we monitor performance in real time, ensuring every project achieves maximum efficiency and impact.

For us, staying competitive means leading with vision — creating solar projects that not only meet today’s energy demands but also set the benchmark for innovation, sustainability, and long-term value in India’s utility-scale renewable sector.

How do you address financing and investment challenges in large renewable projects?

At Kshema Power, we see financing not as a hurdle, but as an opportunity to build resilient, future-ready renewable projects. We address investment challenges by combining strategic partnerships with banks, institutional investors, and global funds with innovative financial structures that optimize risk and return.

Our approach includes hybrid project models and phased investments, which provide clarity and confidence for all stakeholders. By aligning financial planning with execution efficiency and technology integration, we ensure that capital and resources are deployed effectively, enabling projects to scale sustainably.

Ultimately, our focus is on creating trust and transparency, making Kshema Power a preferred partner for investors, while accelerating India’s transition to a clean energy future.

What opportunities do you see in hybrid and storage-linked renewable projects?

We view hybrid and storage-linked renewable projects as the next frontier in India’s energy transition. These projects allow us to move beyond intermittent generation, delivering round-the-clock, reliable, clean power to industries, utilities, and communities.

The opportunities are immense — from optimizing asset utilization and grid stability to enabling innovative energy solutions like peak-supply, demand response, and even green hydrogen integration. By combining solar, wind, and storage intelligently, we can unlock higher returns for investors, enhance sustainability, and accelerate India’s journey toward a carbon-neutral future.

For us, hybrid and storage projects are not just a business opportunity — they are a strategic pathway to lead the renewable sector with innovation, reliability, and impact.

How do changing renewable energy policies and tariffs impact your project strategies?

At Kshema Power, changing policies and tariffs guide our strategic planning and decision-making. We incorporate policy foresight into project design, technology selection, and financing structures, ensuring every project is optimized for long-term viability and cost efficiency.

This approach allows us to adapt quickly, manage risks effectively, and maintain timely execution, while aligning with India’s evolving renewable energy landscape. By staying proactive and agile, Kshema Power continues to deliver sustainable, future-ready projects that support the country’s energy transition goals.

What steps do you take to address grid connectivity and evacuation challenges?

We treat grid connectivity and power evacuation as a business opportunity in our growth strategy. From the outset, we assess grid availability, infrastructure readiness, and potential bottlenecks to design projects that align seamlessly with the transmission network.

We work closely with state utilities, transmission operators, and regulatory bodies to secure timely approvals and ensure smooth integration by executing these projects in a timely manner.

By taking a proactive, collaborative, and technology-driven approach, Kshema Power ensures that every renewable project achieves reliable power delivery, operational efficiency, and maximum value for stakeholders.