BP is set to invest $70m for the renewables-focused fund, which is managed by a joint venture of its Lightsource BP subsidiary and which has a target size of $700m.
UK-based oil and gas company BP revealed on Tuesday it intends to provide $70m for India and UK-focused cleantech investment vehicle Green Growth Equity Fund (GGEF).
GGEF was formed to invest in India-based technology developers operating in fields such as renewable energy, energy efficiency, energy storage, electric mobility and resource conservation. It has a target size of $700m and BP’s investment is set to close later this year.
The government of India’s National Investment and Infrastructure Fund (NIIF) and the…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
