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Indian renewable energy projects get $1.2 B from UK investments

September 03, 2021

Saur Energy International: 

At the 11th India-UK Economic and Financial Dialogue (EFD) held yesterday, Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak signed off a $1.2 billion package of public and private investment in green projects and renewable energy to boost India’s green growth ambitions.

The dialogue saw the announcement of new steps to tackle climate change and boost investment, driving forward the bilateral agenda of an Enhanced Trade Partnership.

The $1.2 billion package includes comprises a $1 billion investment from CDC, the UK’s development finance institution in green projects in India, joint investments by both governments to support companies working on innovative green tech solutions, and a new USD 200 million private and multilateral investment into the joint Green Growth Equity Fund which invests in Indian renewable energy.

[Soumya Dugal] 

More: UK to pump $1.2 B into green projects in India: 11th Eco & Fin Dialogue 

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