Everstone Capital JV, NIIF to invest in CDC’s renewable energy platform

EverSource Capital and the National Investment and Infrastructure Fund have come together to back an India-focused renewable energy platform floated by UK-based development finance institution CDC. The trio will cumulatively invest $330 million (around Rs 23.4 billion) in Ayana Renewable Power. CDC had launched its renewable energy platform in late 2017 to develop solar and wind renewable energy assets. Ayana is building a solar generation capacity of 500 MW with more renewable energy opportunities in the pipeline. Completion of the deal is subject to regulatory and transaction condition approvals.


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