GCF approves FMO’s $137 million investment in India’s Green Growth Equity Fund

The Board of the Green Climate Fund (GCF) has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund (GGEF), managed by EverSource Capital, FMO will invest $137 million in the energy value chain, water, waste and transport sectors that promote low carbon and climate-resilient initiatives, in line with India’s climate objectives and Sustainable Development Goals.

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