Enel Green Power signs agreement with Norfund to set up renewable energy projects in India

Enel Green Power (EGP), through its Indian subsidiary Enel Green Power India (EGP India), has signed a long-term agreement with Norfund, a Norwegian investment fund for developing countries, to jointly finance, build and operate new renewable energy projects in India. The agreement is a collaborative investment framework under which EGP India will be responsible for the development and construction of each project while Norfund will have the right to invest in the projects once a specific milestone is reached, thus becoming an equity partner with EGP India in the project. In addition, EGP India will support each project by providing technical services starting from the preliminary development activities. The renewable energy projects are in line with the sustainability, decarbonisation and renewables targets of both the partners and aim at boosting the development of a clean energy footprint in India.

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