British International Investment to Invest $200M in Adani Group's Green Hydrogen Push
British International Investment (BII) is nearing a significant deal, set to invest $200 million in a Gujarat-based renewable energy company. The investment aims to boost the company's foray into green hydrogen and green ammonia production.
The company in question is part of Gautam Adani's Adani Group. The entrepreneur, known for his diversified business empire, is poised to expand into cleaner energy sources with this substantial investment. BII, the UK's development finance institution, is in advanced talks to facilitate this transition. The investment will enable the company to establish a foothold in green hydrogen and green ammonia production, contributing to India's renewable energy targets.
The $200 million investment by BII in Adani Group's renewable energy arm is expected to accelerate the company's entry into green hydrogen and green ammonia production. This deal, if finalized, will not only strengthen the company's portfolio but also align with India's commitment to clean energy.
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