EverSource Capital, NIIF partner with CDC to invest in India

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Published: March 1, 2019 3:44:34 AM

Ayana was launched to develop utility scale solar and wind generation projects across growth states in India.

All three partners will invest 0 million cumulatively, the firm stated in a release.

EverSource Capital — a joint venture between Everstone Capital and Lightsource BP — and the National Investment and Infrastructure Fund of India (NIIF) on Thursday announced a partnership with CDC Group in Ayana Renewable Power (Ayana), the renewable energy platform founded by CDC.

All three partners will invest $330 million cumulatively, the firm stated in a release.

Ayana was launched to develop utility scale solar and wind generation projects across growth states in India.
It is currently constructing 500 MW of solar generation capacity with a strong future pipeline of renewable energy opportunities, the company said.

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EverSource Capital manages Green Growth Equity Fund (GGEF) — a $700-million target private fund — which has NIIF and the UK government as anchor limited partners (LPs).

NIIF is a collaborative investment platform for international and Indian investors with a mandate to invest equity capital in domestic infrastructure.

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