Dutch development bank FMO to invest $317 in GGEF

The Dutch development bank FMO has approved an investment of $137 million in Green Growth Equity Fund (GGEF), managed by EverSource Capital and anchored by the governments of India and the United Kingdom. GGEF targets raising equity capital up to $940 million for India’s green infrastructure sectors such as renewable energy, transport, resource efficiency and energy services. This aims to promote private and public sector investment in India’s green infrastructure sector, in line with Sustainable Development Goals.