Conducive government policies and incentives in place for renewable energy has led to the increase in number of private equity investments in the clean technologies sector.
According to data from Venture Intelligence, a research service focused on private equity and merger and acquisitions , there were five deals in the clean technologies space in January-March 2011 quarter; ten in the April-June 2011 quarter and 14 deals in the July-September 2011 quarter.
The amount invested in the July-September quarter was $359 million compared with $176 million in the immediate previous quarter.
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.