BII and Norfund Invest in Indigrid's 6 GW Renewable Energy Projects

21 Aug 2024 CW Team

British International Investment (BII) and Norfund have committed to investing in Indigrid?s ambitious 6 gigawatt (GW) renewable energy projects. This investment marks a significant boost for India's renewable energy sector, aligning with the country's goals for green energy expansion.

Indigrid, a leading player in India's infrastructure sector, plans to utilise this funding to develop and deploy a range of renewable energy assets. The 6 GW initiative is expected to include solar and wind power projects, contributing to India's efforts to increase its share of renewable energy in the national grid.

The partnership with BII and Norfund underscores the growing interest and confidence of international investors in India's renewable energy market. This investment will not only help accelerate the deployment of clean energy projects but also enhance the overall infrastructure for sustainable energy in the region.

The funding is part of a broader trend where global financial institutions are focusing on sustainable and impactful investments, reflecting a commitment to addressing climate change and supporting clean energy transitions worldwide.

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