ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

According to the sources, the merge and acquisition (M&A) platform of India in renewables, along with large developers, are looking towards foreign investment. The series of deals in India has boosted the worldwide M&A activity. The minority stakes sale of Adani Group in Adani Green to Total Energies for $2.5 billion was the main reason for India outpacing the US and China in renewable energy M&A activity during the first half of 2021, as mentioned in the Bloomberg New Energy Finance (BNEF) report. The managing partner of a renewable energy consultancy, Artha Energy Resources (AER), Animesh Damani, said that India has been on the view of foreign investors for quite some time, and the recent members are skewed due to the large Adani deal. He also said that India would see sustained growth in foreign investment. Hetal Gandhi, Director of Credit Rating Information Services of India Ltd (CRISIL) Research, said that the company is looking at the top 10 industries as they were ready to gain market share in the operational base with nearly 40% pie or 44 GW out of India's 100 GW to 110 GW by the financial year 2023. As per the BNEF report, M&A allows investors to exit and redeploy capital on new opportunities. In the first half of 2021, corporate M&A and private equity buyouts in renewable energy stood at $22.4 billion, a growth of 25%, compared to the previous year's $17.9 billion globally. Image Source Also read: India urges US investors to invest in country’s energy sector