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EverSource Capital Closes its Climate Impact Fund at $741 Mn
EverSource Capital (EverSource) has completed the final close of India’s largest climate impact fund ‘Green Growth Equity Fund’ (GGEF) at USD 741 million, making it one of the largest single-country funds focused on climate change, mitigation and adaptation in the emerging markets.
January 19, 2022. By Manu Tayal
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EverSource Capital (EverSource) has completed the final close of India’s largest climate impact fund ‘Green Growth Equity Fund’ (GGEF) at USD 741 million, making it one of the largest single-country funds focused on climate change, mitigation and adaptation in the emerging markets.
The company has been investing to combat climate change by focusing on the decarbonization of energy and resource efficiency while generating superior investment returns.
The Fund actively invests in and builds innovative, digitally empowered, rapidly scalable climate-positive businesses and platforms spanning renewable energy, energy efficiency, e-mobility, resource conservation, waste and water management and associated value chains.
Commenting on the final close, Dhanpal Jhaveri, CEO, EverSource Capital, said, “EverSource aims to be a key catalyst for bringing climate finance into India as our investments have the potential of generating 450+ billion kilowatt-hours of clean energy, avoiding 450+ million tons of C02 emissions, creating tens of thousands of jobs and adding over US$ 5 billion to the Indian economy over the next decade. We are committed to bringing positive climate impact while generating strong investment returns and performance.”
The company has been investing to combat climate change by focusing on the decarbonization of energy and resource efficiency while generating superior investment returns.
The Fund actively invests in and builds innovative, digitally empowered, rapidly scalable climate-positive businesses and platforms spanning renewable energy, energy efficiency, e-mobility, resource conservation, waste and water management and associated value chains.
Commenting on the final close, Dhanpal Jhaveri, CEO, EverSource Capital, said, “EverSource aims to be a key catalyst for bringing climate finance into India as our investments have the potential of generating 450+ billion kilowatt-hours of clean energy, avoiding 450+ million tons of C02 emissions, creating tens of thousands of jobs and adding over US$ 5 billion to the Indian economy over the next decade. We are committed to bringing positive climate impact while generating strong investment returns and performance.”
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