Eversource Capital Seeks $700 Million for Second Green Fund
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Eversource Capital Eyes $700M for Second Green Fund, Targets India's Energy Transition
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Moneycontrol•25-02-2026, 15:16
Eversource Capital Eyes $700M for Second Green Fund, Targets India's Energy Transition
•Eversource Capital is in talks to raise $700 million for its second green fund, building on its climate and sustainability investment platform.
•The fund will focus on mid-market green infrastructure and energy transition businesses across India and South Asia, including renewable power, electric mobility, and waste management.
•This follows the successful $750 million Green Growth Equity Fund I, anchored by NIIF and global institutional investors.
•The new fund aims to capitalize on growing investor appetite for climate-linked assets and scalable sustainability businesses in high-growth markets like India.
•Eversource Capital, a joint venture between Everstone Group and Lightsource bp, will continue its strategy of control and co-control investments in operating businesses.