$150 Billion Green Deals in India by 2030

International investors expect $150 billion green deals in the Indian Renewables Energy sector by 2030.

The money would be a function of both capacity additions in the market as well as trading between players.

India’s renewables growth has been in the eyes of international investors and bankers and they are seeking green deals in the Indian renewables sector of approx USD 150 billion by 2030, according to Gaurav Singhal, from Bank of America Corp., who heads the busiest team in India’s green energy mergers & acquisitions (M&A) sector.

The U.S. bank advised SoftBank Group Corp. on selling its renewables business in India to Adani Green Energy Ltd. at an enterprise value of USD 3.5 billion earlier this year.

With major players like Reliance Industries along with Adani green having  announced big plans for the renewable sector, the market is abuzz with optimism after a long time. That might be one reason it has been the most active when it comes to deals in the first half of 2021.

Other big deals have included Renew Powers merger with a SPAC in the US, and Thailand’s PTT Group, Global Power Synergy Pcl purchasing a USD 453 million stake in local company Avaada Energy Pvt earlier this month. In September last year, Japan’s Orix Corp. agreed to buy a roughly 20% stake in Greenko Energy Holdings for USD 980 million. Another major player, ACME solar, has also returned to big aggressively at projects after getting deals in place with Scatec Solar and  more.

 As per the data compiled by Bloomberg, The Indian green bond market is expanding rapidly this year with a total of seven issues denominated in foreign currency. Sales jumped to an all-time high of USD 4.1 billion this year to date.

Then you have the Tatas, through Tata Power with solid plans, and of course, even the largest energy generator, NTPC, which has scaled up its renewables target to 60 GW from 30 GW by 2032. NTPC also plans to hive off its renewables arm at some stage.

Major manufacturing plans for solar manufacturing, and even bigger, battery manufacturing are already falling into place. A lot of these will be in full flow from 2023 onwards, if things stay on course.

And finally of course there is the focus on Green Hydrogen, which is likely to drive massive investment into both renewable energy (to power it) as well as the actual manufacture, storage and distribution of Hydrogen.