New Delhi, April 30 -- ALTERRA, the UAE-based climate investment firm, has announced a significant USD 100 million investment in Indian renewable energy developer Evren.

The capital injection is earmarked to support the development and construction of up to 11 gigawatts (GW) of wind, solar, and battery storage projects across India, with primary focus on Rajasthan and Andhra Pradesh states.

Evren's operational model emphasises collaboration with domestic manufacturers for essential equipment including wind turbines and solar modules, thereby strengthening India's indigenous clean energy value chain.

The investment comes from the USD 25 billion ALTERRA Acceleration Fund and is complemented by additional funding from Brookfield Asset Man...