Green Energy Fund India

Multinational oil and gas company bp has announced that it intends to invest usd 70 million into the green growth equity fund ggef in india.

Green energy fund india. Eversource is the fund manager of the green growth equity fund ggef or the fund established with anchor investment from india s national investment and infrastructure fund niif and the department for international development dfid government of uk. The fund established in 2018 is focused on identifying investing and supporting growth in zero carbon and low carbon energy solutions in the country. The funds priority will be for demonstration of the viability of off grid renewable energy businesses or technologies. The renewables seed program supported by the ministry of new and renewable energy govt.

07 dec 2018 the spread of solar energy across india received a further boost today with the signing of an agreement between gcf and india s national bank for agriculture and rural development nabard. Telangana india cnn business indian startup renew power has raised more than 1 billion in funds this year alone for its wind and solar business. Governments through the national investment and infrastructure fund and the department for international development respectively although the latter organization is due to be folded into the u k. The fund will be part of the promoting energy access through clean energy peace initiative.

Six ventures have been provided with piloting grants through this program. As much as a vote of confidence in renew one of. Alternative energy equity mutual funds provide investors with professionally managed exposure to many companies involved in various clean energy related business activities such as solar hydrogen. The cash will support india s renewables sector as the fund is focused on growth in low carbon energy solutions.

Foreign and commonwealth office from september. The green growth fund is financed by the indian and u k. Of india aims to support piloting of new ideas to increase the adoption of renewable energy in india through new it financial model product innovations. Gcf signs agreement with the international solar alliance.

Many new business opportunities are thus opening for egp in this part of the world and this will enable us to contribute to the achievement of india s clean energy goals. The fund will be used to provide grants for seed capital for clean energy projects.