Athein Procures USD 300 Million for Solar and Wind Projects in India
The assimilation of renewable power is emerging smoothly in India and Southeast Asian nations as their developing economies combat power cuts due to a weak power grid and climate change that is rising demand for air conditioning and giving attention to the requirement for green power.
June 12, 2023. By EI News Network
Milan Koev, Athein's chief executive based in Singapore procures USD 1 billion overall for the subsequent five years, to finance the 2.5 GWp pipeline of projects.
He added the company was beginning with three countries where it has a pipeline of projects, all solar, except for one wind project in Vietnam.
The assimilation of renewable power is emerging smoothly in India and Southeast Asian nations as their developing economies combat power cuts due to a weak power grid and climate change that is rising demand for air conditioning and giving attention to the requirement for green power.
Michiel Prompers, the managing partner at Green Horizon, stated the adviser has introduced the process of the equity raise and began interest from infrastructure funds, private equity funds and strategic investors.
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