CDC Group to Invest $25 Million in India’s Green InfraNatalie Obiko Pearson
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.