PE funds invest $390 mn in renewable energy platform Ayana
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NIIF has invested about $284 million, EverSource Capital managed Green Growth Equity Fund (GGEF) invested $36 million and another $70 million investment from CDC Group
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Indian clean energy platform Ayana Renewable Power (Ayana), owned by UK s CDC Group, has received additional funding of about $390 million (Rs.2870 crore) from existing investors - National Investment and Infrastructure Fund (NIIF), and EverSource Capital, besides CDC.
NIIF has invested about $284 million, EverSource Capital managed Green Growth Equity Fund (GGEF) invested $36 million and another $70 million from CDC Group, said a company release today. Post this latest round of investment, NIIF would be the largest shareholder of Ayana.