It’s a progress fairness fund concentrating on climate-themed companies in South Asia with a concentrate on India.
It has already deployed over two-thirds of its commitments in a number of sector-leading firms, together with Prince Pipes within the water conservation sector, SeedWorks within the hybrid climate-smart agricultural seeds sector, Premier Energies – an built-in photo voltaic cell and module producer, Syrma SGS in manufacturing energy-efficient digital gadgets and elements, and 3SC – a provide chain decarbonisation analytics and options supplier, it mentioned.
The fund was anchored by a big industrial asset administration agency headquartered in Europe, and builds on a USD 125 million predecessor fund that was led by key GEF crew members, in accordance with Raj Pai, one of many founders and managing accomplice at GEF Capital.
Local weather progress investing is not only about attaining a optimistic environmental influence but in addition acts as a strong working and risk-mitigation theme, he mentioned.
Sridhar Narayan, co-founder and managing accomplice, mentioned the local weather sector presents an funding alternative of greater than USD 1 trillion in South Asia alone.
The fund’s investments are geared to help local weather mitigation, adaptation, round economic system and useful resource effectivity.
Particularly, the fund will goal a various set of firms alongside the resource-efficient provide chain with a concentrate on clear power provide chain, power effectivity applied sciences and companies, environment friendly use of water sources and environmental services and products, he mentioned.
GEF Capital was shaped in March 2018 following a collaborative spinout from the World Setting Fund, a pioneer in world sustainability and environmental investing.
