Dutch development bank FMO mulls $30m investment in India-focused climate fund

Dutch development bank FMO mulls $30m investment in India-focused climate fund

Photo from Global Climate Partnership Fund

Dutch development bank FMO has proposed to invest $30 million in India-focused private equity investor GEF Capital Partners’s third climate-focused fund, according to a disclosure seen by DealStreetAsia.

The South Asia Growth Fund III (SAGF III) plans to make 8-10 minority investments in Indian companies with a green/climate angle in their business, including renewable energy value chain, energy efficiency, resource/efficiency, waste recovery, and climate tech/digital solutions, FMO said in a statement, adding that the bank intends to commit to SAGF III to increase its exposure to green investments in India.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter