Continuum Green Energy Secures $150 Million Investment for Renewable Energy Expansion
Just Climate, a climate-focused fund managed by Generation Investment Management, invests in India's leading renewable energy provider.
Key Highlights:
- Continuum Green Energy, one of India's largest renewable energy sellers to commercial and industrial customers, has secured $150 million in new equity.
- The investment will support Continuum's deployment of wind-solar-hybrid and storage projects.
- Continuum has signed a term sheet with Global Infrastructure Partners, a leading global infrastructure investor, for the investment.
Continuum's Leadership in Renewable Energy
Continuum Green Energy is a leading renewable energy group in India, serving commercial and industrial customers. The company has a proven track record of developing and operating renewable energy projects.
Continuum's investment in wind-solar-hybrid and storage projects is a strategic move to meet the growing demand for clean energy in India. The company's projects will help India achieve its ambitious renewable energy targets.
India's Commitment to Renewable Energy
India is one of the world's fastest-growing economies, and its energy demand is expected to increase significantly in the coming years. The country has set ambitious renewable energy targets, aiming to generate 40% of its electricity from non-fossil fuel sources by 2030.
Continuum Green Energy's investment is a significant contribution to India's renewable energy goals. The company's projects will help India reduce its carbon emissions and transition to a clean energy future.
Conclusion
Continuum Green Energy's $150 million investment is a major milestone in India's renewable energy sector. The company's investment will help India achieve its ambitious renewable energy targets and transition to a clean energy future.
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