Altérra Bets on India's Clean Energy Future with 1 GW Renewable Energy Projects in Andhra Pradesh and Rajasthan

Altérra, the globe's largest private climate investment fund, has made a groundbreaking investment to speed up the growth of renewable energy projects in India. The program, in partnership with India's clean energy platform Evren, will facilitate the development of up to 1 GW of solar, wind, and battery storage projects across Rajasthan and Andhra Pradesh. Below are the key highlights:

 

Key Highlights

 

Investment Scope:

 

Altérra's investment will be used to develop 1 GW of renewable energy projects, such as solar, wind, and battery storage facilities.

 

The projects are strategically placed in Rajasthan and Andhra Pradesh, states with high renewable energy potential.

 

Partnership with Evren:

 

The partnership with Evren reflects Altérra's focus on developing sustainable energy solutions in growth markets.

 

Evren's knowledge of clean energy infrastructure will be instrumental in the successful development of these projects.

 

Focus on Sustainability:

 

The investment reflects Altérra's mission to address climate change by encouraging the adoption of green energy and lowering carbon levels.

 

The projects will make key contributions towards India's renewable energy objectives and international climate targets.

 

Economic and Social Impact:

 

The project will generate employment opportunities and spur economic development in Rajasthan and Andhra Pradesh.

 

Through the enhancement of energy access and reliability, the projects will enhance the living standards of the local populations.

 

Global Climate Leadership:

 

The investment by Altérra demonstrates its global leadership in the mobilization of private capital to act on climate and drive the transition towards a low-carbon economy.

 

The innovative strategy of the fund towards climate finance is intended to overcome investment barriers in emerging markets.

 

Future Outlook:

 

Altérra intends to grow its pipeline of renewable energy globally, with partnerships and creative financing models.

 

The success of these projects in India will be a model for repeat operations in other emerging markets.

 

This announcement reflects Altérra's commitment to bringing renewable energy solutions to the next level and as a driver of sustainable development.

 

Sources: Altérra, Altérra Investments