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ReNew Power: Building Scale in the India...

Agarwalla, Sobhesh...

Case

ReNew Power: Building Scale in the Indian RE Sector

Agarwalla, Sobhesh Kumar; Pandey, Ajay

IIMA-STR0471 | Published October 13, 2022 | 23 pages Case

Collection: Indian Institute of Management, Ahmedabad

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Learning Objectives

This case describes the growth of ReNew Power during its first decade of operation. Sumant Sinha, a first-generation entrepreneur and former banker, founded the company, which grew from a modest generator-cum-developer of wind energy-based electricity to one of India's largest companies in the renewable energy sector. With the entry of large, well-funded players such as Tata Power and Adani Green into the Indian renewable sector by the end of 2020, Sinha had to make a strategic decision: should ReNew continue to organically scale up its presence in an increasingly competitive yet expanding Indian renewable energy sector, should it diversify geographically, or should it pursue emerging opportunities for vertical or horizontal integration within the sector? The case provides an opportunity to discuss how alternative business models and competitive scenarios may facilitate or inhibit the growth of a player in the renewable energy sector.

The primary learning objectives of the case are comprehend the regulatory and competitive business environment developments that affect firm performance in India's renewable energy industry, analyse the competitive forces that shape the renewable energy industry, appraise the value chain in the creation of a sustainable competitive advantage for growth and survival of a firm, and evaluate the strategic alternatives available to a company and determine its future growth strategies in the wake of intense competition from new entrants.