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US-based Evergreen Power in talks to raise $100 mn for India

US-based Evergreen Power in talks to raise $100 mn for India

Tuesday, March 21, 2017, 7:58 AM

US-based Evergreen Power is in talks with investors, including private equity, infrastructure funds and strategic investors, to raise up to $100 million in equity to ramp up its wind energy projects in India, its top executive told. The company wants to bring 280 megawatts (MW) of wind energy online in the next 12 months in the states of Tamil Nadu, Karnataka and Madhya Pradesh.
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