Large power producers in India have been investing in renewables and promising to increase green energy capacity alongside the government's goal to add at least 500 GW of clean energy in India by 2030 to reduce carbon emissions.
The state-owned Solar Energy Corporation of India promised it would invest 180 billion rupees ($2.16 bln) in equity by 2030 for renewable capacity expansion and announced plans to go public in one to two years.
Major Indian power producers have been investing hugely in renewables and committing to expand green energy capacities, in line with the government's plan to add at least 500 GW of clean energy by 2030 in a bid to reduce carbon emissions.
State-run renewable energy developer SECI, which issues tenders for solar, wind and hybrid projects, said it expects to tender 20 gigawatt of projects this fiscal year.
IPO PLANS :
The IPO market in India has soared this year, with around 235 companies floating their shares and raising more than $8.6 billion, higher than the total collected last year, data from London Stock Exchange Group showed. The benchmark Nifty 50 index hit record highs over 50 times this year/
Earlier this week, an unit of power producer NTPC, NTPC Green Energy, filed draft papers for an IPO that could mop up funds worth up to $1.19 billion.
