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					</table><p><a href="https://sunsure-energy.com/" target="_blank" rel="noopener">Sunsure Energy</a>, a leading independent renewable energy producer with a focus on the commercial and industrial (C&amp;I) sector in India, recently announced that <strong>Manoj Kohli and Mahesh Makhija</strong> have joined its <strong>Board of Directors</strong>. The company highlighted that the addition of Kohli and Makhija strategically strengthens the board by bringing in Kohli&#8217;s extensive 45 years of experience across global markets and Makhija&#8217;s more than twenty years of specialization in the renewable energy field. They join Inderpreet Wadhwa, the Founder &amp; CEO of Azure Power, who became a board member in December 2022. Their collective expertise is anticipated to significantly contribute to guiding Sunsure Energy&#8217;s expansion within the Indian renewable energy landscape.</p>
<p><strong>Sandeep Kashyap</strong> is embarking on a new chapter as the <strong>Chief Executive Officer</strong> of the Renewables Business at <a href="https://www.rpsg.in/" target="_blank" rel="noopener">RP Sanjiv Goenka Group</a>. Kashyap comes from a seven-year tenure at ACME Group, where he served as the Chief Executive Officer for solar, wind, and electrolyzer manufacturing while also taking on the responsibilities of President of corporate affairs. His time in these roles, which were based in Gurugram, Haryana, India, preceded his position as Chief Operating Officer for the renewable energy business, where he played a significant role in the operations across India.</p>
<p><a href="https://dhashgroup.com/" target="_blank" rel="noopener">DhaSh Group of Companies</a> has welcomed <strong>Bhupendra Singh Rawat</strong> as its new <strong>Chief Executive Officer</strong>. With thirty years of distinguished experience and leadership within the renewable energy field, Rawat is expected to play a pivotal role in driving the company&#8217;s growth and success through his vision and innovative approaches. Before joining DhaSh, Rawat spent more than seven years at RenewSys India, where he served as the Head of Supply Chain Management. Prior to that role, he was in charge of Business Development for over five years, further cementing his expertise and contribution to the industry.</p>
<p><strong>Amit Garg</strong> has recently been appointed as <strong>Associate Director </strong>at <a href="https://ampin.energy/" target="_blank" rel="noopener">AmpIn Energy Transition</a>. Previously, Garg held the position of Vice President at SunSource Energy, where he was instrumental in managing costs and supervising the operations of power plants. Prior to his vice-presidential role, he was the Assistant Vice President of Solar Operations and Maintenance. In that capacity, he focused on maintenance management and SCADA systems, showcasing his expertise and proficiency in an additional skill area.</p>
<p><strong>Sajay KV</strong> has officially taken on the position of <strong>Chief Executive Officer</strong> at <a href="https://www.solarpack.es/en/home-2/" target="_blank" rel="noopener">Solarpack</a>. Before this appointment, he significantly contributed to BrightNight Power India as its CEO, focusing on the company&#8217;s operations within the NCR region. Preceding his time there, Sajay was engaged as the President overseeing wind, solar, and regulatory affairs at Hero Future Energies in Delhi. Equipped with a mechanical engineering background and expertise in machine tool design, Sajay carries extensive experience in business process re-engineering into his new role. He is recognized for his leadership abilities in the wind and solar industries, having worked with independent power producers as well as firms specializing in original equipment manufacturing/engineering, procurement, and construction.</p>
<p><strong>Ravindra Goyal</strong> has been appointed as the <strong>Group Chief Procurement Officer</strong> by <a href="https://www.gensol.in/" target="_blank" rel="noopener">Gensol Group</a>. In his role, Goyal is tasked with spearheading the supply chain management initiatives across the group&#8217;s clean energy and electric mobility sectors. Working in collaboration with leadership teams at the entity level, his mandate includes improving procurement processes, achieving cost efficiencies to ensure projects are completed on schedule, upholding quality standards, and promoting the development and digitalization of supply chain management operations.</p>
<p><strong>N. Srikant</strong>, an Indian Administrative Service (IAS) officer of the Andhra Pradesh cadre, has been named the <strong>Additional Secretary of the Union Ministry of <a href="https://powermin.gov.in/" target="_blank" rel="noopener">Power</a> and New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>)</strong>. A member of the 1998 batch of all India services, Srikant has previously held the position of Joint Secretary in the Union Cabinet, and was transferred last year. Prior to that, he was the Secretary (Energy) for the Government of Andhra Pradesh and has filled various roles, including being the first Commissioner of the AP Capital Region Development Authority. As the Energy Secretary, Srikant was instrumental in adopting cost-saving initiatives that led to significant financial benefits for the State.</p>
<p>The Madhya Pradesh government has appointed <strong>Manu Srivastava</strong>, IAS, as <strong>the Additional Chief Secretary in the <a href="https://energy.mp.gov.in/en#:~:text=Energy%20Department%2C%20Government%20of%20Madhya%20Pradesh%20is%20concerned%20with%20power,power%20system%20in%20the%20state." target="_blank" rel="noopener">Power and Renewable Energy Department</a></strong>. Srivastava was earlier the principal secretary of the Technical Education, Skill Development, and Employment Department and the Rural Industries Department. Before these appointments, Srivastava served as the Principal Secretary of Madhya Pradesh’s New and Renewable Energy Department, overseeing key responsibilities. He was also the commissioner for the New &amp; Renewable Energy Department, the Managing Director of Madhya Pradesh Urja Vikas Nigam, and the Chairperson of Rewa Ultra Mega Solar.</p>


Executives On the Move in the Renewables Industry


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					</table><p><a href="https://www.azurepower.com/" target="_blank" rel="noopener">Azure Power</a>, a renewable energy company, has announced the appointment of a new Chief Executive Officer (CEO) and Group Chief Financial Officer (CFO). The new appointments come on the heels of significant changes in the company&#8217;s top management in the past year.</p>
<p>Sunil Gupta will take over as the new CEO and Managing Director of Azure Power India, effective July 10, 2023.</p>
<p>Gupta will replace Rupesh Agrawal, who is leaving to pursue other opportunities. Gupta&#8217;s appointment comes less than a year after the company&#8217;s prior CEO, Harsh Shah, stepped down in August 2022, just two months after taking charge.</p>
<p>The company said Gupta brings with him extensive leadership experience in the renewables sector and a strong track record of building renewable energy businesses. Prior to joining Azure, Gupta held key positions at Vena Energy and Sembcorp Industries, where he successfully managed existing businesses and developed new projects.</p>
<p>Sugata Sircar has been appointed as the new Group CFO and Executive Director, Finance of Azure Power India, effective May 1, 2023. Sircar has resigned from his position as a non-executive independent director and member of the company&#8217;s audit &amp; risk committee and capital committee.</p>
<p>Sircar will work closely with Pawan Agrawal, who will continue as CFO of Azure Power India and its subsidiaries.</p>
<p>Alan Rosling, Chairman of the Board of Directors of Azure, expressed confidence in the abilities of the new appointees to lead the company&#8217;s growth in the renewable energy sector.</p>
<p>The company faced a major management crisis last year when its CEO Ranjit Gupta, and Chief Operating Officer, Murali Subramanian <a href="https://www.mercomindia.com/azure-power-announces-resignations-of-both-ceo-and-coo" target="_blank" rel="noopener">resigned</a> in April 2022.</p>
<p>The two top executives cited personal reasons for their departure.</p>
<p>The company is yet to publish its 2022 Annual Report pending internal reassessment; the New York Stock Exchange recently granted the company an extension to submit the report and an additional trading period through July 15, 2023.</p>
<p>In June last year, Azure Power <a href="https://mercomindia.com/azure-power-agreement-solar-module-supplies-four-years/" target="_blank" rel="noopener">inked</a> a Module Supply Agreement (MSA) with Premier Energies Group to procure modules up to 600 MW annually for the next four years. Premier Energies had stated in a release that the two companies jointly invested ₹7 billion (~$89.60 million) to deploy a solar cell and solar module manufacturing unit, each with 1.25 GW capacity, in Telangana.</p>


Azure Power Announces New CEO and CFO Appointments

<p><a href="https://www.azurepower.com/" target="_blank" rel="noopener">Azure Power Global Limited,</a> an independent sustainable energy solutions provider and power producer in India, announced that its Board of Directors had accepted the resignations of its Chief Executive Officer (CEO) Ranjit Gupta and Chief Operating Officer (COO) Murali Subramanian.</p>
<p>Both will be ceding their roles in the company and its subsidiaries. Ranjit Gupta will also resign from the Board of Directors to pursue other opportunities immediately.</p>
<p>Alan Rosling, the Chairman of the Board of Directors at Azure, will oversee the company in the interim. The board has already started its search process to select a new CEO and intends to announce the appointment as early as possible.</p>
<p>Rosling said, &#8220;I would like to thank both Ranjit and Murali for their service and their efforts to navigate a challenging market environment. We wish them well for the next stage in their careers. As we look ahead, with 4.5 GW of pipeline, we have a tremendous runway for growth in the next three to four years. I look forward to working with the executive leadership team, our employees, and the other members of the Board in strengthening Azure&#8217;s position as a leader in the renewable energy space.&#8221;</p>
<p>Gupta, on his resignation, said, &#8220;Murali and I have been privileged to have had the opportunity to steer this great company at a challenging time and lay the path forward. We leave the company with a great team and are confident in its future.&#8221;</p>
<p>Azure builds and operates grid-scale renewable power projects across India, supplying renewable power to government utilities and independent industrial and commercial customers.  The company has a pan-India portfolio of over 7.4 GW, with over 2.9 GW of operational capacity and 4.5 GW of pipeline.</p>
<p>In an <a href="https://mercomindia.com/solar-project-cost-to-increase-azure-power/">interview</a> with Mercom India, Ranjit Gupta had discussed the company’s plans and his perspective on the solar industry and existing policies in the context of the basic customs duty increasing the overall solar project cost.</p>
<p>Azure Power was ranked third among the top utility-scale solar project developers in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s <a href="https://mercomindia.com/product/mercom-india-solar-market-leaderboard-1h-2021-market-shares-profiles/" target="_blank" rel="noopener">India Solar Market Leaderboard 1H 2021 Report</a>.</p>
<p>The company had recently <a href="https://mercomindia.com/azure-power-posts-%e2%82%b94-48-billion-revenue/" target="_blank" rel="noopener">reported</a> operating revenue of ₹4.48 billion (~$60.2 million) in the third quarter (Q3) of the fiscal year (FY) 2022, a 27% year-over-year (YoY) increase from ₹3.52 billion (~$46.52 million) in the same period last year.</p>
<p>Azure had early this year also <a href="https://mercomindia.com/daily-news-wrap-up-azure-power-rights-offering/" target="_blank" rel="noopener">announced</a> the close of the subscription period for its rights offering. The company was expected to raise $249.93 million from the rights offering, backstopped by its shareholders CDPQ Infrastructures Asia and OMERS Infrastructure Asia Holdings.</p>


Azure Power Announces Resignations of Both CEO and COO

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