UK’s Oil Giant BP to Invest $70 Million in India’s Green Growth Equity Fund
Jul 2020 Corporate
United Kingdom-based oil giant BP announced its plans to invest $70 million (~$5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy solutions in the country.
Once the transaction is completed later this year, bp will become a limited partner in the GGEF and will be a representative in its advisory committee. It will also have the right to co-invest in projects alongside the GGED.