Resource detail

India’ green energy deals are getting better valuations than pre-covid levels, as yield-seeking funds and financial investors flush with capital are driving up prices; according to several deal makers, analysts and chief executives of clean energy firms. These investors with a lower cost of capital are bidding higher Ebitda multiples than what they were quoting before the pandemic. This assumes significance given that India is running the world’s largest clean energy programme. Experts say there is a definitive long-term shift towards the renewables story, and many Indian renewable energy players are mastering their business models to justify higher valuations.