At Renewable Energy India Expo 2025 (REI 2025) in Greater Noida, India, TaiyangNews spoke with Nalin Kumar Sharma, President of Renewable Energy at My Home Power Private Limited (MHP), the clean-energy arm of the multi-billion-dollar construction-to-cement conglomerate, My Home Group, as part of TaiyangNews Leadership Talks.
Sharma traced his renewable energy experience in his nearly 20-year professional life, including his successful exit from a renewable energy company he co-founded after it was acquired by a sovereign wealth fund. He also helped grow another platform with a 19 GW portfolio, which went public. Sharma said he is now looking at replicating the success with MHP.
According to Sharma, My Home Group sees energy transition as a major opportunity for India’s growth and has launched MHP with 3 initial verticals. The first is an IPP business targeting 5 GW of renewable capacity – solar, wind, and pumped storage – along with 10-25 GWh of batteries over the next 3 to 5 years. The other vertical focuses on manufacturing, with plans to explore solar and battery production to support domestic supply chains and reduce import dependence.
The third aims at heavy electric mobility, including converting the group’s 1,000-plus diesel trucks to electric through retrofits and new EV additions, supported by charging or battery-swap infrastructure.
For the initial phase, equity will come from the group’s promoters, with plans to bring in global investors, such as sovereign wealth funds, once the business scales. Sharma emphasized the group’s strong compliance culture and its belief that high-quality partners strengthen governance and long-term outcomes.
Regarding manufacturing strategy, he noted that My Home Group has deep experience in industrial operations, particularly cement. In solar, the group sees major gaps in polysilicon, ingots, and wafers – areas with high capital and technical requirements. Entering these segments could strengthen India’s ecosystem and improve returns for its IPP business by reducing supply-chain risks. In batteries, the company plans to begin with assembly and integration rather than cell manufacturing, given the higher R&D and talent needs, with the long-term aim of supplying a large share of its own BESS requirements.
He also highlighted the importance of strong technology partners, similar to earlier collaborations My Home Group pursued in cement. He expects the first phase of manufacturing to involve a global technology leader, with scope for long-term partnership depending on how the sector evolves. He added that India’s policy environment – rising renewable targets, PLI schemes, and growing support for domestic value chains – makes large-scale investment attractive.
Sharma pointed out that international investors are showing increasing confidence in India’s renewable sector, committing larger check sizes and reinvesting across multiple platforms. However, he identified talent availability in advanced solar and battery technologies as a challenge India must address, noting the need for more specialized R&D and technical training.
In conclusion, Sharma stated that My Home Group intends to contribute meaningfully to India’s clean-energy transition and will continue shaping its plans as technologies and policies evolve.
