During the RE Invest 2024 event in Gandhinagar, Sumant Sinha, the founder, chairman, and CEO of ReNew Energy Global, discussed the company's strategies for monetizing its solar manufacturing business. The company is considering approaching private equity players to raise funds for its manufacturing operations, aiming to increase its solar module and cell capacities to 6 GW each by the end of the decade. ReNew has already commissioned two solar manufacturing plants in Jaipur, Rajasthan, and Dholera, Gujarat, with plans for further expansion. The company has also committed to enhancing its power generation capacity to 40 GW by 2030, primarily through solar projects. In addition to its core business, ReNew is venturing into green hydrogen production, with joint ventures and collaborations in place with companies like Indian Oil Corporation Ltd, Larsen & Toubro, and JERA Co. Inc. Despite acknowledging the slower-than-expected growth in the green hydrogen sector, Sinha remains positive about its future, emphasizing the importance of offtake contracts in driving investment in this area. ReNew Energy Global, founded in 2011, made its debut on Nasdaq three years ago through a SPAC merger, showcasing its innovative approach to going public and expanding its presence in the renewable energy sector.