Mumbai, April 24 -- Noida-based green energy firm NexGen Energia has secured a $1 billion equity commitment from Kuwait's Capital Edge to scale up its Compressed Bio-Gas (CBG) infrastructure across India. The funding will power the company's nationwide rollout of CBG plants and bolster India's clean energy transition.
The investment marks a turning point for NexGen Energia, already a leading name in the CBG space, as it aims to build 1,000 plants by 2026. The deal also reflects growing global confidence in India's renewable energy market.
"Every rupee of this capital will be directed towards driving innovation, creating jobs, and boosting energy independence," said Nishant Tiwari, Director - Sales, NexGen Energia. "This is a defining moment for our mission to build a greener India."
The funding will help the company ramp up deployments in high-priority states such as Maharashtra, Uttar Pradesh, and Karnataka, with several projects entering advanced planning stages.
Compressed Bio-Gas, derived from organic and agri-waste, is a green alternative to fossil fuels. It supports rural economies, generates employment, and cuts methane emissions. "Each plant we build is a catalyst-creating jobs, empowering farmers, and turning waste into value," said CEO Kishor Panda.
India's SATAT scheme aims to establish 5,000 CBG plants by 2030, and NexGen's 1,000-plant vision positions it as a key private sector player in that target.
Capital Edge, a Kuwait-based investor focused on sustainable and scalable infrastructure in emerging markets, has adopted a long-term equity model to back projects like this. "Their support gives us the headroom to build at scale without short-term financial pressure," said Tiwari.
With over 11 GW of project pipeline already, NexGen is now accelerating its clean energy efforts with supply chain integration, community engagement, and technology upgrades forming the next phase of the rollout.
Published by HT Digital Content Services with permission from Construction World.