Explore Crisil, a company of S&P Global

Formerly known as Market Intelligence & Analytics

Renewables

As the world transitions to a low-carbon economy, clean energy will play a pivotal role in combatting climate change. Embracing clean energy will be essential to meet sustainability goals, achieve energy independence and ensure affordability. More importantly, clean energy adoption will also drive economic growth through investment and job creation.

CRISIL Renewables Consulting offers a comprehensive range of services across the lifecycle of clean energy projects. With a deep understanding of the market, regulations and technologies for wind, solar, biomass, energy storage, green hydrogen, and carbon credits, among others, we help organisations thrive in the clean energy landscape.

We offer customised advice in the global clean energy market, backed by our superior analysis, unique vantage points and specialist multi-functional experience. Our team of seasoned consultants provides expert guidance on strategy formulation, business planning and implementation support, mergers and acquisitions, policy advocacy, bid advisory and market assessments. We work closely with clients to craft innovative, actionable solutions that drive sustainable growth, mitigate risks and ensure long-term success.

Our clients span the spectrum of industry stakeholders including ministries, regulators, project developers, contractors, original equipment manufacturers, private equity funds, sovereign wealth funds, lenders, policy think-tanks, and development agencies.

 

The services we offer

 

 

Strategy and Business Planning

Building a long-term and sustainable business requires not just vision but a robust, well-crafted strategy that addresses immediate challenges and future opportunities. With a deep understanding of the clean energy landscape, Crisil advice clients in formulating tailored near and long-term strategy/ roadmap to expand business, improve profitability and achieve other organisational objectives. We support clients in evaluating organic and inorganic growth opportunities, geographic expansion, diversification across the value chain and allied segments and product/ solution augmentation/ improvement. The Crisil team works closely with the senior management and board in chalking out a clear and actionable strategy that align with long-term goals. With a strong focus on financial viability and risk mitigation, we help our clients effectively navigate the clean energy landscape ensuring their investments yield both, environmental and economic impact.

In addition, we also support in implementing the strategy through project identification, feasibility studies, policy advocacy support, financing mechanisms, drafting internal policies and capacity building.

Crisil has been entrusted by numerous project developers, lenders and investors to build on their strategic vision by providing innovative solutions and detailed planning that have aided in driving measurable success.

Merger and Acquisition Support and Due Diligence

The clean energy sector is witnessing consolidation across segments as investors recycle capital to be deployed in building new assets. Crisil supports organisations in their pursuit to acquire assets/ companies through the M&A life cycle including overarching strategy, target identification, due diligence/evaluation as well as exit opportunities, all while navigating the market complexities. With deep expertise in renewable energy, energy storage, green hydrogen and related equipments, our team offers the entire diligence spectrum - commercial, contractual, financial, technical and regulatory. Our due diligence process is designed to protect investments and ensure informed decision-making.

Crisil has advised multiple private equity funds, pension funds, sovereign wealth funds and project developers through their due diligence process, whether they are scaling their portfolio or consolidating their market position. Our deep domain understanding coupled with market intelligence has ensured value maximisation and risk mitigation for our clients.

RE100 Advisory and Implementation Support

Renewable energy (RE) procurement is gaining significant traction among corporates given the dual benefit of cost savings and reduction in carbon footprint. Crisil provides comprehensive advisory and transaction support to such corporates to chalk out a long-term roadmap to 100% renewable energy procurement.

We undertake detailed assessment of client's current and future power consumption to propose most apt procurement routes and business models in-line with prevailing regulatory framework, market conditions and client preferences. We provide complete support on project implementation from formulation of policy advocacy asks, assessment of techno-commercial feasibility of projects, tariff benchmarking, identification of project developers, tender and PPA framing and recommendation on selection of project developers.

Merchant Power Price Forecast

Merchant power markets are rapidly gaining significant traction as businesses look to leverage available arbitrage opportunities. These markets are increasingly supplementing long-term power tie-ups to help build a balanced risk-return portfolio.

We offer state-of-the-art, data-driven forecasts for merchant power prices to help businesses thrive in competitive energy markets. With advanced analytics, market intelligence, and proprietary forecasting models, we provide precise short-term and long-term power price estimates that empower our clients to make strategic decisions. Our services are customized to meet the specific needs of independent power producers (IPPs), utilities, investors, and market participants, offering valuable insights into market trends, price volatility, and regulatory impacts. Our expert team provides price forecasts and market analysis to optimize trading strategies, plan future investments, and manage risk for our clients.

Crisil has undertaken significant number of engagements in this space across the value chain - power traders, IPPs, PE funds, global pension funds as well as lenders.

Bid Advisory Assistance

We provide comprehensive bid support for participation in clean energy tenders, including renewable energy, green hydrogen, battery-based energy storage, solar module & cell and electrolysers.

Our services include RfP risk analysis, energy modelling, capacity optimisation, strategic advisory, competition assessment and bid document preparation to help our clients secure capacity allocations. These complex tenders offer unique opportunities and challenges for project developers and OEMs and require in-depth knowledge of grid dynamics, market regulations, and advanced technological solutions. We help our clients navigate the complexities of auctions conducted by the respective nodal agency.  We also assist in developing competitive pricing strategies, assessing project viability, and ensuring compliance with technical, financial, and legal requirements. Additionally, we provide risk assessment and mitigation strategies to enhance the bankability of bids, increasing our client’s chances of securing projects in India’s rapidly growing clean energy sector.

Our team of experts has a deep understanding of India's energy market, regulatory environment, and competitive landscape. Based on this intelligence, Crisil has supported several project developers and OEMs participate and secure capacities.

Policy Advocacy and Roadmap

Policies and regulations play a crucial role in energy markets that can shape the growth trajectory of the sector. Crisil assists in formulation of frameworks, policies / regulations and roadmaps will be designed or fine-tuned to enable development in the sector and allow industry participants meet growth objectives. We incorporate global best practices and in-house experience to draft various policies/regulations with an insight into its effect on short and long-term basis. We also recommend suitable changes in institutional structure to enable successful adaption and implementation of new policies / regulations.

Crisil has worked closely with Ministries, regulators, project developers and consumers to shape policies/ regulations that have facilitated flow of investments in the clean energy sector in India and developing global markets.

Market Assessments

Given the rapidly changing market dynamics, shifting regulatory frameworks and advancements in technology in the clean energy sector, the future market landscape is uncertain and will continually evolve. Crisil helps clients remain agile by providing comprehensive market assessments to seize emerging opportunities. Our team closely monitors industry trends, which enables us to equip clients with insights and strategies needed to adapt swiftly and make informed decisions.

Crisil specialises in delivering in-depth assessments across segments of renewable power market including utility-scale, distributed, corporate PPA market, module manufacturing, energy storage and green hydrogen. We have decades of experience working with regulators, project developers, electricity consumers, investors, equipment manufacturers and power traders on a wide spectrum of engagements like forward looking market perspectives, price estimation, competition, policy analysis, risk assessment among others. Based on our clients’ specific objectives and market positioning, we provide relevant intelligence, actionable insights and guidance to ensure long-term success.

Technical Assistance and Program Management

We offer expert services in feasibility studies, technical due diligence, and project design to ensure clean energy projects are technically sound and financially viable. Our team provides regulatory and policy advisory to help governments create favourable frameworks for clean energy investment. For the said project/ program, we recommend relevant business and implementation models that are most suitable for project/ program’s success. We also offer project structuring advice to leverage public and private funding. Crisil lends capacity building support to institutions in the value chain, ensuring long-term success and scalability of clean energy projects.  We also conduct environmental and social impact assessments (ESIA) to align projects with global sustainability standards.

Whether managing project implementation or providing ongoing monitoring and evaluation, our consulting services are tailored to meet our client's objectives of promoting clean, reliable, and affordable energy for all.

Crisil has executed several technical assistance programs and undertaken monitoring and evaluation of projects and programs in India (at central and state level) as well as in other South Asia, South-east Asia and Africa markets.