{"id":131207,"date":"2021-09-03T19:15:24","date_gmt":"2021-09-03T13:45:24","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=131207"},"modified":"2021-09-04T17:31:42","modified_gmt":"2021-09-04T12:01:42","slug":"indias-green-projects-to-get-uk-funds","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-green-projects-to-get-uk-funds\/","title":{"rendered":"India\u2019s green projects to get UK funds"},"content":{"rendered":"\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The India and UK Finance Minister <\/span><span style=\"font-weight: 400;\">has agreed on a USD 1.2 billion investment in green projects and renewable energy to boost India\u2019s green growth ambitions at the 11th India-UK Economic and Financial Dialogue.<\/span><\/p>\n<h5><b>What are the investments announced by India and the UK?<\/b><\/h5>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A $1-billion investment from CDC, the UK\u2019s development finance institution in green projects in India during 2022-26.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A $200 million private and multilateral investment into the UK-India Green Growth Equity Fund for renewable energy and\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A Climate Finance Leadership Initiative(CFLI).<\/span><\/li>\n<\/ol>\n<h5><b>About UK-India Green Growth Equity Fund:<\/b><\/h5>\n<p><b>It was established with investment from <\/b><span style=\"font-weight: 400;\">India\u2019s National Investment and Infrastructure Fund (NIIF) and Foreign, Commonwealth &amp; Development Office (FCDO), Government of UK.\u00a0<\/span><\/p>\n<p><b>The fund invests in<\/b><span style=\"font-weight: 400;\"> scalable operating companies and platforms across renewable energy, energy efficiency, energy storage, e-mobility, resource conservation and associated value chains in India.<\/span><\/p>\n<p>The UK-India Green Growth Equity Fund is based in<span style=\"font-weight: 400;\"><strong> Mumbai<\/strong> and <strong>EverSource<\/strong> is the fund manager<\/span><\/p>\n<p><b>About <\/b><b>Climate Finance Leadership Initiative(CFLI):<\/b><\/p>\n<p><span style=\"font-weight: 400;\">It is aimed at mobilizing private capital into sustainable infrastructure in India. These investments will support India\u2019s target of 450 gigawatts (GW) renewable energy by 2030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The initiative will be <\/span><span style=\"font-weight: 400;\">backed by the <strong>City of London Corporation<\/strong> and led by <strong>Bloomberg\u2019s CFLI<\/strong>.<\/span><\/p>\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">This post is based on the article<\/span><b> \u201cIndia\u2019s green projects to get UK funds<\/b><b>\u201d published in Livemint <\/b><span style=\"font-weight: 400;\">on <strong>3rd September 2021.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? The India and UK Finance Minister has agreed on a USD 1.2 billion investment in green projects and renewable energy to boost India\u2019s green growth ambitions at the 11th India-UK Economic and Financial Dialogue. What are the investments announced by India and the UK? A $1-billion investment from CDC, the UK\u2019s&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/indias-green-projects-to-get-uk-funds\/\">Continue reading <span class=\"screen-reader-text\">India\u2019s green projects to get UK funds<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,9],"tags":[8743,9491,9492,8744,9490],"class_list":["post-131207","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-public","tag-bilateral","tag-green-projects","tag-india-uk-relations","tag-regional-and-global-groupings-and-agreements","tag-uk-india-green-growth-equity-fun","entry"],"jetpack_featured_media_url":"","views":{"total":6,"cached_at":"","cached_date":1700860473},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/131207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=131207"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/131207\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=131207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=131207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=131207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}