Ratul Puri on India’s Renewable Transition: The Shift from Scale to Execution

Ratul Puri, Chairman of Hindustan Power shares his thoughts on where India's clean energy sector is headed and why getting things done on the ground matters more than ever.

India has been adding a lot of clean energy capacity over the past few years. Solar farms and wind projects have been coming up across the country at a good pace. But Ratul Puri, chairman of Hindustan Power, says the sector is now moving into a new phase. Less about announcing big numbers and more about making sure projects actually get built and deliver power consistently.

Ratul Puri put it simply: India's clean energy space is now at a point where it is not just about adding capacity, but making sure that projects are delivered on the ground with a focus on round-the-clock power delivery.

That is a real shift, and it shapes a lot of what is happening in India's energy space right now.

Getting Projects Done Is Harder Than It Looks

Even as solar and wind capacity has grown, there are on-the-ground challenges that slow things down. Land-related issues, clearances, and other approvals take time and can push project timelines back. They matter more now that the focus is on actual delivery rather than just targets.

Delays in building out transmission lines have also held back a large chunk of capacity already in development. When the grid is not ready to receive the power being produced, nothing can move forward properly. This is something Ratul Puri sees as needing more coordinated attention.

There is also the matter of power sale agreements, which are contracts between energy producers and buyers. Some of these have not been signed yet, which creates uncertainty for developers trying to plan ahead. Getting these agreements in place in a timely way is something Ratul Puri sees as important for keeping projects on track.

Storage: Big Promise, Slow Start

Battery storage is one of the most talked-about areas in energy right now. Being able to store power and release it when needed makes clean energy more useful and consistent. India has seen a lot of interest here, with a large amount of storage capacity put out for bids in 2025.

But Ratul Puri notes that the gap between what has been bid on and what has actually been built is quite wide. A lot of tenders have gone out, but very little has been commissioned so far. He sees this as a sign that the sector is shifting from a phase where winning bids was the goal to one where actually building and running projects is what counts.

As Ratul Puri said, success in this market will now be defined by the ability to execute, not just the ability to bid.

Pricing and Long-Term Thinking

Energy prices in the clean power space have come down a lot, which helps adoption. But lower prices also mean tighter margins, making careful planning and cost management more important over the life of a project.

Ratul Puri has spoken about how even small differences in cost assumptions can have a real impact on whether a project works financially in the long run. Getting those numbers right from the start, and building projects that can hold up over many years, is something developers need to take seriously.

Digital Tools and Smarter Operations

Ratul Puri also touched on the growing role of digital tools. Things like better forecasting and real-time tracking of plant performance are becoming more common, helping operators catch problems early and get more out of their projects.

Ratul Puri described digital solutions as becoming central to how energy operations work, helping teams make better decisions and keep performance strong across projects.

What Comes Next

The story of India's clean energy sector is still being written. The foundations have been laid, the targets are set, and a lot of projects are in the pipeline. What the next chapter needs, according to Ratul Puri, is a stronger focus on follow-through.

Getting projects across the finish line, managing them well once they are running, and making sure the grid can handle what is being built are the things that will define how far India goes in its clean energy journey. Ratul Puri believes the sector has what it takes to get there.

About Ratul Puri:-

Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy. Over the years, he has been involved in the development of large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.

About Hindustan Power:-

Hindustan Power is an integrated power generation company focused on renewable and transitional energy. The company has been actively contributing to India’s energy transformation through the development of solar power and other energy infrastructure projects.