WEB acquires Continuum Green Energy, bolstering its renewable energy portfolio
Stake in India's largest seller of renewable energy to commercial and industrial buyers
Just Climate invests $150 million to support Continuum Green Energy's wind and solar projects
WEB, a leading provider of renewable energy solutions, has acquired a stake in Continuum Green Energy, one of India's largest sellers of renewable energy to commercial and industrial buyers.
The investment will enable Continuum Green Energy to expand its wind and solar projects, strengthening its position as a leading provider of renewable energy in India.
Just Climate, a fund managed by Generation Investment Management's climate-focused business, is investing $150 million in Continuum Green Energy to support its growth and expansion plans.
Benefits of the acquisition
- Increased market share: WEB will gain a significant share of the Indian renewable energy market through this acquisition.
- Enhanced capabilities: Continuum Green Energy's expertise in wind and solar projects will complement WEB's existing capabilities.
- Long-term growth: The investment from Just Climate will provide Continuum Green Energy with the financial resources it needs to continue its growth trajectory.
Conclusion
The acquisition of Continuum Green Energy by WEB is a significant development in the Indian renewable energy sector. The investment from Just Climate will enable Continuum Green Energy to continue to expand its operations and provide clean, affordable energy to commercial and industrial consumers in India.
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