Capital Edge of Kuwait to invest USD 1 bn in NexGen Energia
NexGen Energia, an Indian green energy firm, has secured a USD 1 billion investment from Kuwait's Capital Edge to boost its Compressed Bio-Gas (CBG) infrastructure across India. This equity-based funding will enable NexGen Energia to expand CBG plant deployment, supporting India's clean energy transition and energy independence.
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Green energy firm NexGen Energia on Monday said regional investment behemoth Capital Edge of Kuwait will invest USD 1 billion in it to expand its infrastructure in India. The equity-based funding will enable NexGen Energia, India's leading installer of Compressed Bio-Gas (CBG) plants, to expand its CBG infrastructure across the country, supporting India's shift to clean energy and energy self-reliance, a company statement said.According to the statement, reflecting increasing global faith in India's renewable energy industry, green energy firm NexGen Energia Ltd has pledged USD 1 billion from Capital Edge of Kuwait.This strategic infusion represents a sea change for NexGen Energia, which has emerged as an increasingly important contributor to India's clean energy movement, it stated.Noida-based NexGen Energia has led the way in India's transition to renewable and alternative forms of energy. One of its crown jewel programmes is the building out of Compressed Bio-Gas infrastructure - a cleaner, sustainable alternative to fossil fuels.With the support of Capital Edge, the firm will be able to grow its operations exponentially. The USD 1 billion (approximately Rs 850 crore) equity infusion will be fully utilised in the deployment and operation of CBG plants, making the company's vision of sustainable innovation a reality."This capital infusion marks a pivotal moment in our journey. It will accelerate our vision to build a greener India through scaled-up CBG production. We're excited about the environmental and social impact this will create across the country," Nishant Tiwari, Director Sales at NexGen Energia, said.Early projects will be launched in high-potential areas such as Maharashtra, Uttar Pradesh, and Karnataka, with land acquisition and vendor associations already progressing.The next 18-24 months are planned by the company to finish a number of CBG facilities, with a scaled rollout extending through 2026. The vision also extends to include supply chain integration, technology innovation, and community involvement for long-term sustainability of the project.
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