Edelweiss Alternatives launches first climate fund to boost India’s carbon neutral goals

Edelweiss Alternatives is introducing its First Climate Fund, a pivotal move that aligns with India‘s ambitious goal to become a carbon-neutral economy. The fund aims to strategically invest in a broad spectrum of climate-related projects, marking a significant step in the fight against global climate change.

Investment Strategy and Project Sectors

The fund will focus on climate mitigation and adaptation projects, including renewable energy, green infrastructure, electric vehicle infrastructure, and water treatment. According to Edelweiss Alternatives, the Climate Fund will offer a long-term, viable investment vehicle in sustainable energy transition, aiming to generate stable returns for investors.

Venkat Ramaswamy, Chairman, Edelweiss Alternatives said, “Sustainable growth and inclusive energy transition is central to Prime Minister Narendra Modi’s vision for India. This fund will endeavor to support India’s vision towards building a net-zero economy.”

Alignment with Global Commitments

The Climate Fund is in line with the G-20’s commitment to mobilize financial resources for climate-related projects. The fund has garnered support from various international organizations and the investment community, positioning India as a leader in the global climate fight. Edelweiss Alternatives is also now a signatory to the United Nations Principles for Responsible Investment (UNPRI).

Subahoo Chordia, President and Head Real Assets, Edelweiss Alternatives said, “As per estimates, about USD 10tn of investment is required to achieve India’s 2070 net-zero target. Our Climate Fund will look to invest in this growing and attractive investment opportunity.”

Future Goals and Impact

With this fund, Edelweiss Alternatives aims to generate 450+ billion units of renewable energy, reduce over 450+ million tonnes of CO2 emissions, save or reuse more than 5000+ million liters of water, and create over 7 million job years. The company employs international processes and technologies to achieve these objectives, contributing to multiple Sustainable Development Goals like climate action (SDG 13), clean energy (SDG 7), and clean water (SDG 7).

The launch of the Edelweiss Alternatives’ Climate Fund represents not just an investment in sustainable energy and infrastructure but a significant contribution to global efforts to mitigate the impacts of climate change. It adds to Edelweiss Alternatives’ existing investments in the renewable power and transmission sectors, further emphasizing its commitment to building a sustainable future.