EU-backed fund invests USD 32.2 million in UP biogas project
Climate Fund Managers has committed USD 32.2 million in construction equity from its Climate Investor Two fund, supported by the European Union, to Akaia Green Fuels for a compressed biogas project in Uttar Pradesh. The investment marks a scale-up from earlier development-stage funding and supports construction now underway. Project scope The facility will process about 94,000 tonnes of agricultural and organic waste each year, including paddy straw, press mud, and cow dung. It is designed…