PE funds invest $390 mn in renewable energy platform Ayana
Dec 2020 Corporate
Indian clean energy platform Ayana Renewable Power (Ayana), owned by UK’s CDC Group, has received additional funding of about $390 million (Rs.2870 crore) from existing investors – National Investment and Infrastructure Fund (NIIF), and EverSource Capital, besides CDC.
NIIF has invested about $284 million, EverSource Capital managed Green Growth Equity Fund (GGEF) invested $36 million and another $70 million from CDC Group, said a company release today. Post this latest round of investment, NIIF would be the largest shareholder of Ayana.