Mumbai, Apr 7: Emergent Ventures India Private Limited (EVI), one of India's leading carbon credit advisory firms, announced today that it has raised Rs 40 crore from IDFC Private Equity Fund II a fund managed by IDFC Private Equity (IDFC PE). EVI provides comprehensive solutions under the UN Clean Development Mechanism (CDM) program, which range from project origination to assistance with project implementation and the monitoring/delivery of Certified Emission Receipts (CERs) and Voluntary Emission Receipts (VERs) in the domestic and international carbon market.
IDFC PE's investment would be drawn on to enhance EVI's existing businesses in South and Southeast Asia and to build the Company's engineering, procurement and construction (EPC) capabilities as well as innovative financing backed by carbon credits. Besides this expansion, EVI would provide project developers with integrated financial and technical support to complete projects in time, with the right technology and with competitive and assured cost levels. EVI would seek to leverage its leadership in the carbon credit financing space to enhance overall project returns, the Company said in a release issued here.
UNI
IDFC PE's investment would be drawn on to enhance EVI's existing businesses in South and Southeast Asia and to build the Company's engineering, procurement and construction (EPC) capabilities as well as innovative financing backed by carbon credits. Besides this expansion, EVI would provide project developers with integrated financial and technical support to complete projects in time, with the right technology and with competitive and assured cost levels. EVI would seek to leverage its leadership in the carbon credit financing space to enhance overall project returns, the Company said in a release issued here.
UNI
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