BP to invest USD 70 million in India-focused energy fund
NEW DELHI: British oil sector giant BP Plc announced Tuesday that it is planning to make a $70 million investment in India’s clean energy fund-Green Growth Equity Fund (GGEF). Established in 2018, the fund is focused on investing and supporting growth in zero-carbon and low-carbon energy solutions.
“With a commitment of $70 million, BP will, upon investment later this year, become a limited partner in GGEF and have representation on its advisory committee, as well as the rights to co-invest in projects alongside GGEF,” BP said in a statement.
