Green Growth Equity Fund

The Green Growth Equity Fund (GGEF) is a private equity fund established to accelerate investments in India's green infrastructure sector. It aims to mobilize capital into projects that promote renewable energy, clean transportation, water and waste management, and other sectors contributing to sustainable development. The fund is managed by EverSource Capital, a joint venture between Lightsource bp and Everstone Capital, and has attracted significant investments from global entities, including a $70 million commitment from bp.

GGEF's investment strategy focuses on scaling up commercially viable low-carbon solutions across various sectors. Its portfolio includes companies like Ayana Renewable Power, Radiance Renewables, GreenCell Mobility, and EverEnviro, each contributing to India's climate goals through innovative and sustainable business models. The fund's approach combines equity and grants to accelerate the uptake of green infrastructure projects, aligning with India's ambitious renewable energy targets.

By leveraging both public and private capital, GGEF plays a pivotal role in advancing India's transition to a low-carbon economy. Its investments not only support the country's climate objectives but also foster economic growth by creating jobs and promoting technological innovation in the green sector.