CDC Group commits EUR 10 million to Renewable Energy Asia Fund

by Alastair Scott

  • 22 Dec 2009
  • INF

UK government-backed CDC Group has made an investment worth EUR 10 million in a renewable energy fund focused on projects in India and other Asian emerging markets. The first-time fund, managed by UK-based Berkeley Energy, will give CDC exposure to greenfield projects in the wind, hydro, biomass and solar sectors. This investment continues CDC’s mandate to work for sustainable development in emerging economies. Although CDC’s investments focus on economic infrastructure assets, the group does also have a small exposure to the social infrastructure sector. CDC has a strict criterion for investment, as it will only invest in countries with GNI per capita of less than USD 9,075 or EU accession countries.

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