India's Eversource, NIIF join hands with UK's CDC Group in green push

Text size Aa Aa

MUMBAI (Reuters) - Eversource Capital along with National Investment and Infrastructure Fund (NIIF) of India have partnered with the UK government's CDC Group to invest a cumulative $330 million (247.97 million pounds) in CDC's Ayana Renewable Power platform, the three said in a joint statement on Thursday.

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

"This investment demonstrates our commitment to invest a further $1.7 billion in India and neighbouring countries over the next three years," CDC's head of Asia, Srini Nagarajan, said.

(Reporting by Swati Bhat; Editing by Rashmi Aich)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.