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CDC Invests $70 Million in India’s Green Growth Equity Fund

GGEF will use the fund to finance the development of six and eight green infrastructure companies in India

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CDC Group, a U.K. government-owned development finance institution, has invested $70 million in the Green Growth Equity Fund (GGEF), India’s climate change fund. The fund is managed by Eversource Capital, a joint venture between private equity fund Everstone Group and Lightsource bp, British Petroleum’s renewable energy platform.

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