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NIIF to invest in CDC's renewable energy platform Ayana

Ayana was launched to develop utility-scale solar and wind generation projects across India

NIIF to invest in CDC's renewable energy platform Ayana
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Jyoti Mukul New Delhi
The National Investment and Infrastructure Fund of India (NIIF) and Eversource Capital,a joint venture between Everstone Capital and Lightsource BP, have decided to invest in Ayana, the renewable energy platform founded by UK's development finance institution CDC.

Along with EverSource Capital, a joint venture between Everstone Capital and Lightsource BP, the two partners will cumulatively invest $330 million.

Ayana was launched to develop utility-scale solar and wind generation projects across states in India. It is currently constructing 500MW of solar generation capacity with a strong future pipeline of renewable energy opportunities.

Standard Chartered Bank acted as the exclusive financial advisor

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First Published: Feb 28 2019 | 2:25 PM IST

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