Source: LiveMint.com, Jul 14, 2019
New Delhi: The foreign investors’ interest in India’s emerging green economy continues; with around $1.02 billion equity investment made by them in the current financial year till date, according to data compiled by consulting firm Bridge to India for Mint.
These investments have been growing. The international equity investment in the India’s clean energy sector was $283 million in 2016, $532 million in 2017 and $1.02 billion in 2018.To be sure, this excludes all offshore debt funding and investments made by foreign developers in their Indian subsidiaries.
With multilateral and bilateral agencies, as well as sovereign wealth funds, not showing interest in businesses that contribute to climate change, a significant part of the foreign direct investment coming to India is in the green energy space. These investments were spread across sectors such as solar power generation (roof-top and grid connected), wind power generation firms, electric vehicles, with the electricity storage projects gaining traction now. Read the rest of this entry »