ReNew Seeks Union Budget Support for Capital Costs, Manufacturing
Budget
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Moneycontrol•28-01-2026, 17:04
ReNew Seeks Union Budget Support for Capital Costs, Manufacturing
- •ReNew prioritizes execution and integration of its existing portfolio over new capacity additions, seeking Union Budget support for financing and domestic manufacturing.
- •Co-founder Vaishali Nigam Sinha highlighted the company's 13 GW installed capacity and projects, with a 23 GW overall pipeline.
- •Clean energy is now central to the economy, with demand drivers emerging at sub-national levels for industrial parks, data centers, and manufacturing hubs.
- •ReNew seeks Budget measures to improve the cost of capital and leverage, despite adequate capital availability in the clean energy sector.
- •Government's PLI schemes have strengthened domestic supply chains, reducing import reliance and fostering an "India-plus-one" strategy.
Why It Matters: ReNew urges Union Budget to lower capital costs and boost domestic manufacturing for clean energy growth.
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