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BA Prerna Renewables

company 1 Deal 2 Partners

BA Prerna Renewables is a wholly-owned subsidiary of BA Continuum India Pvt. Ltd., which is the India arm of Bank of America. It was established in 2022 to develop and procure renewable energy projects, primarily solar and wind, to meet Bank of America's internal energy requirements in India. The company acts as an off-taker for power purchase agreements and facilitates the development of greenfield renewable assets.

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Founded 2022 Parent: Bank of America
Renewable Energy DeveloperDeveloperOfftaker

Strategic Overview

  • BA Prerna Renewables serves as a vehicle for Bank of America's internal sustainability goals and renewable energy procurement in India.
  • The company's strategy involves developing projects through third-party developers and securing power via PPAs for its parent company's facilities.

Deal Activity from Public Sources

Bank of America, through BA Prerna Renewables, to set up 100 MW solar and wind power projects in India to meet its energy requirements.
Development Solar PV, Onshore Wind India February 2023 100 MW

Investment Focus

Technologies
Hybrid1
Geography
India1

Key People

Anand Krishna
Director
Srinivasan Raghavan
Director
Vishal Gupta
Director

Track Record

100
MW Total
1
Deals Completed
2
Years Active
Notable projects: 100 MW Solar and Wind projects in Karnataka and Maharashtra

Detailed Analysis

Technologies
Solar PV (1 deal)Onshore Wind (1 deal)
Sectors
Energy TransitionUtilities
Geographies
India (1 deal)
Deal Stage
Greenfield
Track BA Prerna Renewables