Professional Documents
Culture Documents
Opportunities in India
November 2019
EverSource Capital – Enabled by a Unique Partnership
Sustainable advantage and higher risk-adjusted returns with integrated sustainability agenda
• USD700 mn target private fund with a cornerstone investment of USD 340 mn
• Track record of more than 100 deals, and an average exit of 2.0x MoI on over USD2.8 billion invested
• Sector focus on broad theme of decarbonisation of energy in India
• Target equity cheque of between USD 50 - 200 mn or more with a 3-7 year hold strategy
• Risk capital for greenfield and brownfield build outs
2
Global Megatrends
The energy ecosystem is transforming, changing how we generate, distribute and consume
energy
Electrification
3
Globally, the energy mix is shifting significantly towards Renewable
Energy, and for the first time since the industrial revolution, away
from Coal
Share of Global Electricity Generation by Fuel
20,000
5.8% 13,716
15,000
5,219
10,000
0.7%
-
2000 2017
Smart Solutions
Low cost & easy to use
for Consumers
Smart Financing
$ Structures
Optimised cost of capital
Smart Regulatory
Policies
7
Urgency for Climate Action in India
World Bank estimates Climate Change to impact Indian GDP per capita by ~10% by 2050
B emissions— submitted
Copenhagen Accord
NDCs in April 2016
20% to 25% below 2005 emissions intensity of GDP by 2020
After adopting its National Electricity Plan (NEP) in 2018, India
remains on track to overachieve its 2˚C compatible target
C India’s NDCs
Reduce the GHG emissions intensity of GDP by 33–35% of 2005 levels by 2030
Build 40% of fossil-free power generation capacity by 2030
Create additional carbon sink of 2.5 - 3 bn tonnes of CO2e by 2030
Source : Climate Tracker, IFC Research
GHG : Green House Gas 9
Developing Ecosystem for Climate Investing In India
Strong market forces enabling transition to low carbon resilient growth in India conducive to
private capital intervention
Indian Corporates Addressing Climate Change
• Developing innovative business models for sustainable growth and resilience of operations
• Incorporating environmental considerations in decision making
• Value creation through climate friendly market positioning
Technology Leadership
• Initiatives like Start-up India, National Strategy for AI and structural reforms in tax and IP
• High degree of localisation required in evolving sectors through govt. incentive mechanisms