The Indian renewable energy landscape has witnessed the maturing of the sector with the emergence of sector focused Independent Power Producers(IPP) and traditional IPP’s moving into renewable energy.
India has planned a tremendous scale up of renewable energy in the 12th Plan which envisages almost a 30GW addition and this can happen only through FDI coming into the sector.
While the global economic scenario navigates through ‘rough weather’, India remains resilient towards maintaining the GDP above critical level and providing funds to the productive and emerging sectors of the economy.
For any developing country, growth of alternative energy is crucial for achieving energy security and reducing strain on fossil fuels. Highlighting the sector’s attractiveness index and to boost investor’s confidence, Dr Farooq Abdullah the Union Minister of New and Renewable Energy, Government of India, has pegged the fund inflow requirement of at least US$50 billion over the next five years.
Given the pivotal role that financing has to play in this development the organizers of the Renewable Energy India Expo have organized a special “Investor Lounge” focused on interactions between various developers and financial institutions (equity and debt).
” The recently announced FDI reforms in Power sector is a welcome step to drive the much sought-after investments into this sector. The economy of business is, once again, turning favorable for the long-term investments. In light of the above, we are pleased to launch a unique business meeting platform called Investor Lounge @ 6th Renewable Energy India 2012 Expo, being held during 7 – 9 November, at India Expo Centre, Greater Noida. The forum will strategically identify and connect the project developers with the funding communities including investors; bankers; equity players over one-to-one business meetings. The underlying mission is to address issues linked to the bankability of Indian Renewable Energy projects especially solar and opening doors for the developers to access investors’ funds on the basis of the merit of their projects, ” said Rajneesh Khattar, Project Director, UBM India.
“I firmly believe the 6th REI 2012 expo arrives at the most opportune time to play a catalyst role in bolstering investor ( Foreign and Domestic ) confidence in Indian RE projects,” he added.