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Bloomberg
India’s goal to more than double energy generation from renewable sources is fueling bets that debt offerings from green companies may grow.
Adani Green Energy Ltd kicked off a roadshow for a potential dollar bond as Prime Minister Narendra Modi announced the more ambitious plans. Indian alternative-energy firms have sold about $3.4 billion of foreign-currency notes in 2019, after none last year, according to data compiled by Bloomberg.
There is a dearth of Indian dollar green bonds and demand is rising for such notes, said AS Thiyaga Rajan, a senior managing director in Singapore at Aquarius Investment Advisors Pte.