Lightsource BP and Green Growth Equity Fund have set up a 50:50 India-focused green fund management joint venture called EverSource Capital. The JV aims to raise £500m ($710m) and will manage the state-backed Everstone Group (GGEF), which will target contracted power, distribution infrastructure and energy services in India. GGEF, which has already been given a combined £240m funding by the UK and Indian governments, has said it will typically invest between $10m to $250m per project.
Lightsource BP and Everstone Group have set up a 50:50 India-focused green fund management joint venture called EverSource Capital. The JV aims to raise £500m ($710m) and will manage the state-backed Green Growth Equity Fund (GGEF), which will target contracted power, distribution infrastructure and energy services in India. GGEF, which has already been given a combined £240m funding by the UK and Indian governments, has said it will typically invest between $10m to $250m per project.