Renewable energy developers ramp up green bond issue, raise Rs 26,300 crore in H1

CHENNAI: Indian renewable energy developers have sharply ramped up fundraising via the issuance of green bonds in the international markets, with as much as Rs 26,300 crore raised through this route in the first half of this calendar year alone.

According to a report from the Council on Energy, Environment and Water’s Centre for Energy Finance (CEEW-CEF), this route has seen significant increase in preference during the past few quarters. Indian developers have raised a cumulative Rs 78,200 crore since 2014 through green bonds, with two companies—Greenko and ReNew Power—accounting for nearly 70% of all issuances by value.