Summary
In a reflection of investors' interest in India’s green economy, the total value of acquisitions in India’s renewable energy sector surged by more than 300% to $6 billion in the first ten months of 2021 (till October) from less than $1.5 billion reported in 2020, according to a study by CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy Agency (IEA).
“The growth in acquisitions was supported by conducive global financial conditions and accommodative monetary policy maintained by the Reserve Bank of India. Adani Green’s takeover of SB Energy India, in October, at a reported enterprise value of USD 3.5 billion was the biggest deal in the sect......