According to recent reports, the energy sector has attracted maximum investments from the private equity players during July-September, the third quarter of calendar year 2011.
Of the $2.25 billion worth PE placements across 98 deals in Indian companies during the quarter, about $823 million, or 37%, was in 16 energy-sector companies, according to data by Chennai-based research firm Venture Intelligence.
Among some of the largest investments in the quarter are The Blackstone Group-owned Sithe Global Power’s around Rs1,280 ($261 million) investment in SKS Chhattisgarh Power Generation, Blackstone’s direct Rs500 crore ($111 million) investment in Visa Power and Goldman Sachs’ Rs1,000 crore ($204 million) commitment to ReNew Wind Power.
Union Minister of New and Renewable Energy Dr. Farooq Abdullah has urged the international investor community to invest in the Indian Renewable Energy sector.
Highlighting that India today stands among the top five countries of the world in terms of renewable energy capacity, Dr. Abdullah said that India has an installed base of over 20 GW, which is around 11 per cent of India’s total power generation capacity and contributes over 6 per cent to the electricity mix.
India has set up a target of around 72 GW of renewable power including 20 GW solar capacity by 2022.
In this backdrop, UBM has arranged a strategic conference on the financing of power projects where the first day is exclusively for the financing of renewable energy.
The conference aims to bring out the various developments in policy, additions in capacity planned, the role of multilateral financing agencies.
There is also a session dedicated to equity financing and the role of CDM and Renewable Energy certificates in the financing of Renewable Energy projects.