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Dhanpal Jhaveri Vice Chairman Everstone Group Shares Key Stimulii and Speedbreakers for Attracting
Global capital is ready to help India become greener a lot faster, provided institutions and companies add the true cost of carbon in their balance sheets, focus on ESG compliance, improve energy efficiency and increase deployment, says Dhanpal Jhaveri
It will be the Indian banks and financial institutions, having a good understanding of the local issues and the risks associated, which will be the first to underwrite RE projects
PLI is a good initiative to promote manufacturing in this sector, but it does not address cell manufacturing, both on the battery and the panel side, says Dhanpal
Indian government has undertaken the ambitious target of deploying 450 GW of renewable energy by 2030 and while the sector has received $US42 billion in investments since 2014, it will require a further US$500 billion to achieve this goal.
Over the last two year, the sector has witnessed significant mergers and acquisitions activities, a growing list of green bond issuances, and spinning-off of operating renewable assets via infrastructure investment trust, or InvIT, which has helped unlock and recycle the existing capital. However, the sector will need more from private equity, global pensions funds, sovereign wealth funds, oil and gas majors, and power billionaires for its sustained growth towards reaching its milestones.