Princely Family of Liechtenstein’ investment platform bets on green energy
New Delhi: Attracted by India’s green energy trajectory, LGT Lightstone Aspada plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit, said several people aware of the development.
The Princely Family of Liechtenstein’ India focused impact investment platform will acquire a stake of around 26% in the green energy firm. The investment, to be announced shortly, will help form the beachhead for Swiss investor LGT, a bank and fund manager with around $220 billion of assets, to make further forays in the Indian subcontinent.
Going forward, the world’s largest family-owned private banking and asset management group’ platform wants to focus on India’s energy efficiency market that is estimated at ₹1.5 trillion in areas such as financing.
