<article>Lightsource BP and Everstone Group will jointly manage a green fund that aims to invest in Indian power, distribution infrastructure and energy services.</article>

Lightsource BP and Everstone Group will jointly manage a green fund that aims to invest in Indian power, distribution infrastructure and energy services.
The U.K. government and India’s National Investment and Infrastructure Fund have provided 240 million pounds ($341 million) to the new fund called EverSource Capital, the companies said in a statement. They are targeting as much as 500 million pounds of investment.
“India is one of the fastest and most dynamic markets for clean energy in the world,” said Nick Boyle, chief executive officer of Lightsource BP. “We know the market well through our renewable projects and we’re delighted to be teaming up with Everstone Group which complements our skill-set in the country.”
India was the world’s sixth-largest clean energy investment market in 2016, according to Bloomberg New Energy Finance. It has a target of installing 175 gigawatts by 2022.
Bloomberg

Lightsource BP & Everstone Group will jointly manage a green fund in which UK government and India’s National Investment and Infrastructure Fund have put $341 million.

Everstone, Lightsource BP form $711m India-focused green fund

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Everstone, Lightsource BP form $711m India-focused green fund

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief