Green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors.
Renewable energy developer Greenko Energy Holdings raised $1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR Corp.’s $600 million issue in November. Green bonds from India are likely to increase as renewable capacity expands and the market gets bigger, according to Ashish Sethia, head of research and analysis for Asia Pacific at Bloomberg New Energy Finance.
