CDC Group invests $70 million in India's climate change fund
01 Dec 2021
CDC Group has invested $70 million in the Green Growth Equity Fund (GGEF), the climate fund of India. Eversource Capital manages the fund, a joint venture (JV) between Everstone Group and Lightsource British Petroleum's renewable energy platform. GGEF has strong climate credentials, and has several investments in the company's portfolio. The portfolio consists of Radiance, a renewable energy solution for commercial and industrial purposes; Greencell Mobility, an e-mobility platform; Ayana, an utility-scale renewable energy platform; Everenviro, an integrated waste management platform and Kathari, a wastewater management platform. GGEF will use the investment to finance the development of green infrastructure in India.
Contact: CDC Group.
Website: www.cdcgroup.com