Finance Archives - Page 6 of 7

Priority Sector Lending: Potential impact on energy access in the rural areas

September 27, 2018

Access to finance continues to be a bone of contention for the renewable/ decentralised energy sector in India. Institutions’ lendable resources are limited at any given point of time, and there is always a trade-off […]

Mixed Results: Performance of key solar and wind power companies

August 24, 2018

By Kushboo Goyal and Smriti Mehra The year 2017-18 has been an eventful year for both the solar and the wind energy segment. While large capacities were tendered by the central and state agencies, many […]

Changing Funding Needs: Moving beyond traditional financing models in the solar segment

July 30, 2018

With the evolution of the solar power segment comes the need for capital and financing for the targeted capacity of projects. As business models transform to cater to the prevailing low-tariff conditions, the need to […]

Competitive Capital

June 27, 2018

The move from a generic feed-in tariff (FiT) regime to project-specific competitive bidding for tariff determination has disrupted the entire wind power segment. Its ripple effects can be felt in every aspect of project development, […]

Solar Municipal Bonds: Innovative financing mechanism to support rooftop solar growth

May 29, 2018

India’s drive to achieve its solar energy targets is evident from the series of tenders that have been rolled out in recent months. With a cumulative solar capacity of about 20 GW, the country still […]

Landmark Deal: ReNew Power acquires Ostro for $1.5 billion

April 23, 2018

The Indian renewable energy industry was, till not so long ago, a largely fragmented market. Of late however, it has been witnessing significant consolidation, with a series of mergers and acquisitions taking place. Moreover, with […]

Consolidation Trend: Operational pressures drive M&A activity in the renewable industry

March 3, 2018

The last quarter of financial year 2017-18 saw a flurry of merger and acquisition (M&A) activity in the Indian renewable energy sector, including a billion dollar deal in which Greenko acquired Delhi-based Orange Renewables. Multiple […]

Quarterly Results: Solar companies perform better than those in the wind space

February 27, 2018

Most of the listed renewable energy companies have released their financial results for the quarter ended December 2017. While the results vary by company, a common trend is that companies operating in the solar power […]

Lukewarm Response: Union budget leaves key sector issues unaddressed

February 27, 2018

With the deadline for the renewable energy capacity addition target drawing closer, the industry as well as the government need to ensure that the roadmap for planned capacity addition is followed and implemented in a […]

Tapping Offshore Markets: PFC raises $400 million through its maiden green bond issue

February 26, 2018

In November 2017, state-owned Power Finance Corporation (PFC) raised $400 million through its maiden green bond issue. The company listed its 10-year Reg S Green Bond on the London Stock Exchange’s (LSE) International Securities Market […]

Taking the IPO Route: ACME Solar looks to tap the capital market

January 20, 2018

The exponential growth in the Indian solar segment lowered market entry barriers and opened a plethora of opportunities for small- and medium-sized companies. While a greater number of projects and larger capacities are now available, […]

Performance Assessment: Highlights of PFC’s report on state power utilities

January 19, 2018

The financial and operational performance of state-owned power utilities has been a constant concern for the sector. While various efforts have been made in the recent past to improve the financial health of the state […]

Tapping Global Markets: Series of green bond issuances by domestic companies

December 31, 2017

The government’s ambitious renewable energy capacity target of 175 GW by 2022 is accompanied by an equally large demand for capital to finance these projects. According to the Climate Bonds Initiative (CBI), $189 million of […]

Weakened Financials: Profitability declines as companies adjust to new price dynamics

December 31, 2017

The Indian renewable energy sector has witnessed significant changes in 2017. The most significant of these has been the transition in the wind energy segment from the feed-in tariff (FiT) regime to competitive bidding. Both […]

Steady Flow of Funds: Significant domestic and foreign capital infusion despite cautious sentiment

November 4, 2017

India’s installed renewable energy capacity currently stands at a little over 60 GW. While technological advancements and a progressive policy and regulatory framework have played a key role in achieving this capacity, the financing community […]

Key Financings: Major debt and equity deals

November 3, 2017

In order to achieve the ambitious renewable energy target of 175 GW by 2022, an estimated investment of over $100 billion will be required. While this is a sizeable amount, India’s renewable energy capacity expansion […]

InvIT Debut: India Grid Trust completes its IPO

August 26, 2017

The India Grid Trust (IndiGrid), the power sector’s first infrastructure investment trust (InvIT), successfully completed its initial public offering (IPO) in May 2017. Sterlite Power Grid Ventures Limited (SPGVL), a leading private transmission developer, is […]

Green Capital: New debt instruments disrupt conventional financing

August 22, 2017

Given India’s renewable energy targets and Intended Nationally Determined Contributions, the country’s green investments could reach $2.5 trillion by 2030. Traditionally, capital for energy projects has been raised either through equity financing (via private equity) […]

Global Surge: Record renewable capacity additions on the back of lower capital costs

July 30, 2017

The year 2016 was marked by significant progress in the transition from conventional means to alternative sources of energy with record new additions, declining costs and tariffs, as well as long strides in technological advancement. […]

Green Funds: Innovative financing for renewables

July 30, 2017

India has significantly transformed its energy policy, with renewable energy emerging as the dominant source of capacity addition. The country’s renewable energy capacity now stands at a little over 57 GW. About 37 per cent […]