Green Growth Equity Fund (GGEF), India’s climate change fund, has received a $70 million investment from the CDC Group, a UK government-owned development finance firm. Eversource Capital, a joint venture between private equity firm Everstone Group and British Petroleum’s renewable energy platform Lightsource bp, manages the fund.
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Fourth Partner Energy, a solar energy company based in India, has received a funding of Rs 2.5 billion from CDC Group, a UK-based development finance institution in the form of non-convertible debentures. This is CDC’s first investment in the commercial and industrial solar segment in India. The funding will be used to develop renewable energy in India and South Asia. As per the press release, CDC’s investment will fund about 217 MW greenfield renewable power generation in India.
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