Abhay Raina

Head, Solar, Hero Future Energies

Abhay Raina began his solar journey in 2010, the year India’s National Solar Mission was launched. Attracted by the prospects that the solar segment offered, he switched from financial services to Sterling and Wilson and helped build its solar energy vertical from scratch. Thereafter, he worked with various renewable energy companies, including Azure Power, where he headed the supply chain and project development functions, and Reliance Power, where he led the PV segment. He is currently working with Hero Future Energies, where he is responsible for the solar vertical, managing both the rooftop solar and utility-scale segments. He also looks after procurement and design engineering.

Having worked across various functions, Raina’s domain knowledge spans all stages from project conception to commissioning. He has expertise in regulatory affairs and contract management.

Raina is of the view that India’s energy needs will continue to be overwhelmingly high because it is witnessing rapid industrialisation. “Since the country is deprived of power and has limited conventional fuel reserves, there is huge scope for solar power development. However, solar too has its set of challenges. Many developers are struggling to derive adequate returns on their investment. Only those players that have a sustainable business model will be able to survive. Also, a much more robust solar energy market will emerge going forward,” he notes.

Raina recalls his time at Sterling and Wilson and Reliance Power as his most memorable. “Sterling and Wilson gave me a foothold in the solar industry and a thorough understanding of the segment,” he says. He also fondly recollects his association with Reliance Power. “At Reliance, the culture of innovation and research made us work continuously on research and development, evaluation of new technologies for manufacturing critical equipment, and design optimisation in a bid to reduce costs to remain competitive.”

Raina believes in delegating work to let people explore their strengths. “I delegate because I need to build the next level so that the team is capable of handling every situation,” he says. An electrical, electronics and power engineer, Raina also has a diploma in web development. He likes to spend his spare time with his family – his 10-year old son, his wife and his father. He unwinds by reading and catching up on favourite TV shows.

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