Author Archives: Gaurav Kawatra

Executive Summary In the rush to capitalize on India’s renewable energy boom, many founders are walking into credit committee meetings with spreadsheets built on “merchant exchange delusions.” Recently, I encountered a strategy for a ₹200 Crore, 50 MW solar project that aimed for a massive 17–18% IRR by exposing half of its capacity to the […]

Executive Summary Transitioning to Open Access Renewable Energy is no longer just a sustainability metric; it is a direct lever for valuation. Recently, the CFO of a massive Gujarat-based steel manufacturer mapped out a strategy to drop his annual electricity bill from ₹200 Crore down to ₹140 Crore using Open Access Solar and Wind PPAs. […]

Executive Summary In boardroom energy procurement, the lowest tariff on paper is often the most expensive mistake in reality. When the CFO of a massive FMCG company in Andhra Pradesh began evaluating Open Access Renewable Energy solutions, the objective was simple: secure the lowest possible Power Purchase Agreement (PPA) rate. Facing a ₹17.90 Crore annual […]

Executive Summary Securing a boardroom mandate for an 80% Renewable Energy target is only the first step. The real battle begins when deciding how to finance it. In October 2025, the board of a massive Rajasthan-based textile manufacturer sat down to procure a 30 MWp Open Access Solar solution. The mandate was clear: hit the […]

Executive Summary Securing a 90% Internal Rate of Return (IRR) on an Open Access Solar PPA feels like a massive corporate victory. But in the Renewable Energy sector, PowerPoint projections are dangerously fragile. When the CFO of a Maharashtra-based automotive company signed a 10 MW solar Open Access PPA in 2025, the board applauded the […]

Executive Summary Using existing corporate land for renewable energy often feels like a zero-cost win to a Board of Directors. In reality, it is frequently one of the fastest ways to destroy capital. When the Managing Director of a massive Kanpur-based beverages company planned to utilize a prime, family-gifted land parcel for a 50-acre solar […]

Executive Summary The Renewable Energy sector is experiencing an unprecedented boom. Driven by immense corporate ESG pressure, rising grid tariffs, and massive power demands from global data centers, the market is projected to grow 5x over the next decade. As corporate capital floods into the sector, Boardrooms are chasing an aggressive, highly specific metric: a […]

Executive Summary Committing to aggressive Renewable Energy targets is one thing; getting the Board to approve the massive capital expenditure (CAPEX) required to achieve them is another. The CFO of a Gujarat-based Steel company faced this exact challenge. Driven by strict ESG standards and tier-one customer commitments, the company set a definitive goal: achieve 75% […]

Executive Summary Securing an 85.7% Internal Rate of Return (IRR) on paper is easy. Protecting that IRR from regulatory and execution risks in the real world is where most corporate energy strategies fail. When the CFO of a Gujarat-based Cement Company explored a 10 MW Open Access Wind-Solar Hybrid solution, the initial numbers were highly […]

Executive Summary Expanding manufacturing capacity across state lines requires massive capital deployment. When a leading packaging company—with existing plants in Telangana and Uttarakhand—planned a major expansion into Gujarat, the CFO faced a critical roadblock. The company had already successfully transitioned 60% of its power consumption to Renewable Energy in its existing facilities. But moving into […]