This document discusses the challenges faced in energy finance during the COVID-19 lockdowns and lessons learned. It provides an overview of energy finance, green bonds issued by Indian organizations, the methodology used in their study analyzing 150 energy companies' financial data from April-September 2020, findings on companies' cost of debt, market capitalization, and cash management, and modifications made to energy policies during the lockdown and their impacts.

1. Energy Finance challenges
in covid lockdown days-
Lessons from the pandemic
Dr. Prasad Kulkarni,KLS Gogte Institute of Technology,
Belagavi
Dr. Jyoti Jamnani, KLS Gogte Institute of Technology,
Belagavi
Dr. Mahantesh Kuri, Rani Channamma University and
Dr. Joel Gnanapragash. Christ University

2. What is Energy finance?
Financial solutions for renewable energy, efficient energy projects, and
technologies in the energy market.

3. Climate Bonds In emerging countries.

4. Green Bonds as a share of overall debt

5. Private placement data of corporate bonds in India

6. Sl.No Year Name of the organization Green Bond amount(Rupees in
Crores)
1 2015 Yes Bank 1000
2 2015 Yes Bank 315
3 2018 CLP India 600
4 2015 Exim bank 4000
5 2018 IDBI 2800
6 2018 IFC 1600
7 2018 Rewa Actis 40
8 2018 Rewa Mahindra 32
9 2019 Azure RG 24
10 2019 Azure RGA 8
Green bonds by Indian organizations

7. Green Bonds in Indian Market
11 2019 DCM ABFL green bond 1200
12 2016 Axis bank 4000
13 2016 NTPC Green Masala 2000
14 2017 Larsen & Toubro(l&T) 660
15 2017 Tata Cleantech capital 1400
16 2017 PNB Housing 560
17 2017 IREDA green masala 700
18 2020 February IRFC 5600
19 2018 SBI 400
20 2018 SBI 5200
(Source: Primary data)

8. (Source; Primary data)

9. Electricity Generation 2019-20

10. Theoretical Model
Source: Review of Literature

11. Methodology
● Researchers divided energy and related companies into four divisions. They
were oil and gas industries, Power companies, electrical equipment
companies, and Auto manufacturing.
● This descriptive research used final account statements of 150 companies in
India to assess cost of debt, investment, green bonds, green investment,
government and private lending, technology investments, revenue and market
data.
● The data was limited to April -June 2020 and July -September 2020 quarters.
Further, data visualization , correlations, and ANOVA models used to
conclude hypothesis acceptance or rejection.

12. Cost of Debt in energy finance related companies
(Source; Primary data)

13. Market capitalization of energy finance companies
(Source; Primary data)

14. Cash Management of energy finance companies
(Source; Primary data)

15. Policy Modifications during the lockdown
Sl.No Policy before the lockdown Policy during the lockdown Impact on energy sector
1 NPS withdrawal was subject to
retirement
NPS withdrawal allowed
partially(KPMG,2021)
+ Employees could manage
their finance better
during the lockdown
2 Policy repo rate 5.15% Policy Repo rate 4.40% + Higher possibility of fund
availability
3 Loan to SME without credit
guarantee
Free loans with credit guarantees for
SME
+ SMEs in the electrical
sector benefited by this.
4 No receivables guarantee by state
governments for liquidity infusion
Rs 90,000 crore liquidity infusion got
state government guarantees for
receivable with condition to utilize in
power generating firms
+ Improved cash position of
power firms.
5 No must run status for clean energy
projects
Must run status for clean energy
sector(Greentech media, 2021)
+ Uninterrupted power
generation and financial
6 No peak power tender Peak power tender solar and wind
energy tenders together to meet grid
storage needs
+ Reduced storage cost.