Lightsource BP and Everstone Group have set up a 50:50 investment - focused green fund management joint venture called Green Capital . The JV aims to raise £ 500 m ( $ 710 m ) and will manage the venture - backed Green Growth Equity Fund ( GGEF ) , which will manage contracted power , distribution infrastructure and energy infrastructure in India . GGEF , which has already been given a combined £ 240 ##m funding by the UK and Indian governments , has said it will typically invest between $ 200 m to $ 250 m 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.