EVI's Managing Director, Mr Vinod Kala spoke at "InREC-India's Renewable Energy Congress 2016"organized by Green Power on 26-27th April. The event held in Shangri La Eros Hotel, New Delhi, witnessed participation from the most senior leaders from the finance, solar and wind sectors from international and domestic organisations.
The panel discussion focused on yield based instruments such as Green Bonds, where India is showing lot of interest. Indian Issuance of $1.0 bn+ have already taken place in 2015 and they could scale up to $5.0 bn+ in 2016. Mr. Kala pointed out that Green Bonds provides access to bigger and long term investors. Investors managing $60tn assets are committed to investing in green. Once investors get comfortable with an issuer, they would provide a price premium for follow-on issues which could be 5-15 bps, with the limited experience available in the market.
Green Bonds were identified by EVI in 2013 as very important for India's future plans for clean energy, in its work for Partnership to Advance Clean Energy Deployment (PACE-D).