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Top Green Energy Banker Sees $150 Billion in India Deals by 2030

Top Green Energy Banker Sees $150 Billion in India Deals by 2030

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  • Overseas investors need locals, says Bank of America’s Singhal

  • BofA advised SoftBank on $3.5 billion deal with Adani Green

For international investors seeking a piece of India’s renewables boom — and the bankers who sit across the table with them — all roads go through the country’s domestic energy players.

That’s the message from Bank of America Corp.’s Gaurav Singhal, who leads the busiest team in India’s green energy M&A sector in the past 12 months, according to data compiled by Bloomberg.

The biggest of the deals saw the U.S. bank advising SoftBank Group Corp. on selling its renewables business in India to Adani Green Energy Ltd. at an enterprise value of $3.5 billion earlier this year.

Source: Bloomberg

Anand Gupta Editor - EQ Int'l Media Network