Meera Kapoor / Chief Financial Officer
Perspectives from a life in leadership.
The latest essay
Indian renewable tariffs are compared to the paisa at auction and then judged for years by who pays them. A board that reads a power purchase agreement without its buyer's payment record is valuing a promise, not a revenue stream.
Read the essayIndian renewable tariffs are compared to the paisa at auction and then judged for years by who pays them. A board that reads a power purchase agreement without its buyer's payment record is valuing a promise, not a revenue stream.
A solar developer in India fixes its price in rupees for twenty-five years and has, for most of the last decade, bought its largest component in dollars. The exposure is short and sharp, and it is usually left open at the moment it matters most.
Indian renewable companies report installed capacity much as retailers once reported store counts. A board that sets a megawatt goal before it sets a balance-sheet limit has decided how fast to grow before deciding what the company can carry.