星期五, 10月 22, 2021
Home PV News Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets

Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets

Mercom India Solar Summit will be held on April 8 and 9

Source:MERCOM

India has taken significant strides towards transitioning to clean energy by tapping renewable sources. However, the mobilization of funds to meet India’s clean energy commitments presents a formidable challenge.
India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022, which needs an additional $100 billion in financing. The figure is estimated to increase to $450 billion by 2030, according to a United States-based think tank Climate Policy Initiative.
Project financing in India is expensive. Interest rates are much higher compared to developed economies. While large companies and conglomerates find it easier to raise funds because of the size of their balance sheets but it is incredibly challenging for smaller developers to borrow.
On April 8-9, 2021, Mercom will host the ‘Mercom India Solar Summit 2021,’ with an exclusive session devoted to project financing. The discussion’ Project Financing – Solving the Jigsaw Puzzle‘ will be held on April 9, 2021, from 3.15 PM. To register, you can click here.

This session will bring together investors and developers to discuss the challenges involved in financing solar projects.
The panel includes Chintan Shah, Director (Technical), IREDA; and Hitesh Paliwal, Senior VP & Zonal Head, North Zone, Corporate, Banking Group, SBI, Ben Fraser, chief financial officer at Hero Future Energies.
The panel will discuss the barriers to investing in India over other markets and the incentives available.
How do projects in India tap into foreign funds looking to invest in an era when money is cheap and abundant? Join the discussion to hear from investor and developer perspectives.
The recent raise of a $1.35 billion (~?97.93 billion) debt package by Adani Green Energy for its under-construction renewable asset portfolio has brought in twelve international banks to invest in India’s solar projects.
To register, you can click here.

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