GEF Capital Partners, a global private equity fund focused on financing climate solutions, has agreed to invest Rs 200 crore in Hyderabad-based Premier Energies in one of the first green-energy product companies in India. GEF was spun out of the US-based Global Environment Fund.
Premier, one of India’s leading solar photovoltaic cell and module manufacturing firms, will use the proceeds to triple its capacity from the current level, the company said. GEF is likely to invest this capital from its recently closed South Asia Growth Fund II (SAGF II). “We are planning an investment of around Rs 1,200 crore over the next two years.
