EverSource Capital and the National Investment and Infrastructure Fund of India (NIIF) have announced their partnership with Ayana Renewable Power.
The partnership could result in cumulative investment of $330 M (₹24.45 billion) by all the three partners.
“This investment demonstrates our commitment to invest a further $1.7 billion in India and neighbouring countries over the next three years. Within infrastructure, we see further opportunities to provide investment to businesses operating within power generation, power transmission and distribution, transport, the gas midstream, and the water sector,” said Srini Nagarajan, Head of CDC Asia.
Ayana is the renewable energy platform founded by CDC group and is currently constructing 500 MW of solar projects across the country.
Source: Mercom India