Green investment jumped 125% to $14.5 billion in FY22: IEEFA report

Acquisitions, bond issues make up for 75% of total value

Investment in the renewable energy sector in India surged more than 125 per cent year-on-year to touch a record $14.5 billion in the financial year 2021-22 (FY22), a report released on Thursday by the Institute for Energy Economics and Financial Analysis (IEEFA) said.

This brings into sharp focus the bets placed by companies on this segment.

Conglomerates such as Reliance Industries (RIL) and the Adani group have ambitious plans to ramp up their renewable energy capacity. Acquisitions and bond issues by a host of companies, including RIL and Adani, constituted 75 per cent of the total value of investment in FY22, IEEFA