Continuum Green Energy Secures Rs 1256 Crore Investment for Renewable Energy Expansion
Accelerating India's Transition to Sustainable Power
Key Highlights of the Investment
Continuum Green Energy Pvt Ltd, a leading renewable energy company, has secured an equity capital investment of Rs 1256 crore (US$150 million) from a global climate investment fund, Just Climate.
The investment values Continuum Green Energy at US$1 billion, reflecting the company's strong position in the renewable energy market.
- Just Climate, a fund managed by Al Gore's Generation Investment Management, is a significant investor in clean energy solutions.
- Continuum Green Energy is one of the largest sellers of renewable energy to commercial and industrial (C&I) consumers in India, helping them reduce their carbon footprint.
- The company plans to use the investment to expand its wind-solar-hybrid and storage projects across India.
Continuum Green Energy's Mission
Founded by Arvind Bansal and Vikash Saraf, Continuum Green Energy is committed to accelerating India's transition to sustainable power.
The company has signed a term sheet with the Global Environment Fund (GEF) and the UK government to support its renewable energy initiatives.
Investment Impact
The investment will enable Continuum Green Energy to:
- Increase its renewable energy capacity and expand its operations across India.
- Provide clean and affordable energy to C&I consumers, reducing their reliance on fossil fuels.
- Contribute to India's ambitious renewable energy targets and its commitment to achieve net-zero emissions by 2070.
Conclusion
Continuum Green Energy's investment from Just Climate is a testament to the growing demand for renewable energy solutions in India.
The company's commitment to providing clean and affordable energy while supporting India's sustainability goals makes it a key player in the country's energy transition.
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