CDC Group to Invest $25 Million in India’s Green Infra

CDC Group Plc, a development finance institution owned by the U.K. government, agreed to invest $25 million in an Indian renewable-energy developer.

CDC will provide the funds to Green Infra Ltd. to help expand its wind and solar capacity, the London-based private equity fund said in an e-mailed statement.

The CDC investment is part of a $125 million financing round that will allow Green Infra to more than double its portfolio to 1,000 megawatts by 2016, it said.

Green Infra owns 387 megawatts of capacity, about 90 percent wind-based. The New Delhi-based developer was set up by IDFC, India’s biggest financier of clean-energy projects, in 2008.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.