Latest news with #CapitalEdge
Business Standard
21-04-2025
- Business
- Business Standard
Kuwaiti Company to Invest $1 Billion USD in NexGen Energia's Green Energy Initiatives
PNN New Delhi [India], April 21: In a milestone move that reflects increasing global faith in India's renewable energy industry, Noida green energy firm NexGen Energia Ltd has raised a $1 Billion USD investment pledge from regional investment behemoth Capital Edge of Kuwait. 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 the country's shift to clean energy and energy self-reliance. This strategic infusion represents a sea change for NexGen Energia, which has emerged as an increasingly important contributor to India's clean energy movement. Fostering India's Green Transition NexGen Energia has led the way in India's transition to renewable and alternative forms of energy. One of its crown jewel programs 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 $1 Billion USD equity infusion will be fully utilized 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," said Nishant Tiwari, Director Sales, NexGen Energia Ltd. He further stated, "We are committed to making every rupee of this investment work to promote innovation, create jobs, and facilitate India's move towards energy independence." The timing of the investment is timely. With the Indian government aggressively pursuing initiatives such as the National Bio-Energy Mission, the private sector is being viewed increasingly as a critical partner in attaining energy security and carbon neutrality objectives. Capital Edge: A Partner with Purpose Capital Edge, an investment company based in Kuwait, specializes in high-impact projects in emerging markets of Asia, Africa, and the Middle East. It is experienced in structured equity financing for scalable, sustainable projects with quantifiable social impact. One of the distinguishing aspects of Capital Edge's model is its investor-centric model. For big projects in excess of USD $1 Billion, such as the NexGen Energia one, the company employs a long-term equity investment model, providing companies with the fiscal room to expand without pressure for short-term repayment. 1,000 CBG Plants by 2026: A National Vision At the heart of NexGen Energia's growth strategy is its intention to set up 1,000 Compressed Bio-Gas plants in India by the end of 2026. The mass rollout is anticipated to add considerably to India's clean energy potential while, at the same time, resolving environmental and rural economic issues. CBG, made from agricultural residue and organic biomass, is not merely a green-burning fuel, but also an instrument for rural empowerment and waste management. Leverage the potential of India's huge biomass reservoirs to make waste a wealth creator--generate a decentralized circular energy system, says Kishor Panda, CEO, NexGen Energia Ltd. "Every CBG plant we set up creates a ripple effect--job creation, rural entrepreneurship, and minimizing environmental waste," Kishor Panda added. "With this capital backing, we can now accelerate plant building, increase supply chain efficiencies, and expand our operations pan-India." Industry estimates are that the development of 1,000 plants could generate over 50,000 direct and indirect employment opportunities, particularly in rural and semi-urban locations. Moreover, the environmental contribution is significant, dramatically lowering methane emissions and substituting fossil fuel reliance. Why CBG Matters CBG, or Compressed Bio-Gas, is a purified form of biogas that has comparable properties to natural gas and can be utilized as a clean automotive fuel. The manufacturing of CBG manages organic waste, promotes local economies, and lowers dependence on foreign fuel. India, with its large agricultural economy, generates enormous amounts of organic waste that remain untapped in most cases. NexGen Energia's strategy is to utilize this untapped potential and convert it into clean energy. The Indian government has already identified CBG as one of its priority energy sources under its SATAT (Sustainable Alternative Towards Affordable Transportation) program, which encourages the setting up of 5,000 CBG plants by 2030. NexGen Energia's vision of setting up 1,000 plants places it at the forefront of this national endeavour. A Global Vote of Confidence This investment agreement is more than a commercial transaction--it's a powerful indication of international confidence in India's clean energy future. With foreign investors looking for sustainable and forward-looking opportunities, India is becoming an attractive source of climate-convergent capital. Capital Edge's partnership with NexGen Energia highlights a more widespread pattern of strategic cooperation among global financiers and Indian inventors. Partnerships such as these are needed to achieve the gigantic infrastructure and capital needs of the transition to clean energy. The Road Ahead Now that the agreement has been formalized, Capital Edge and NexGen Energia are moving at a fast pace to launch the second stage of implementation. 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 dozens CBG facilities, with 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. As India moves closer to its clean energy aspirations, collaborations such as that of NexGen Energia and Capital Edge will prove decisive. They don't just contribute financial strength but also global prestige, technical proficiency, and common dedication to sustainability. With this $1 Billion USD equity injection, NexGen Energia is more primed than ever to energize India's clean energy future. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
The Print
21-04-2025
- Business
- The Print
Kuwaiti Company to Invest $1 Billion USD in NexGen Energia's Green Energy Initiatives
New Delhi [India], April 21: In a milestone move that reflects increasing global faith in India's renewable energy industry, Noida green energy firm NexGen Energia Ltd has raised a $1 Billion USD investment pledge from regional investment behemoth Capital Edge of Kuwait. 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 the country's shift to clean energy and energy self-reliance. This strategic infusion represents a sea change for NexGen Energia, which has emerged as an increasingly important contributor to India's clean energy movement. Fostering India's Green Transition NexGen Energia has led the way in India's transition to renewable and alternative forms of energy. One of its crown jewel programs 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 $1 Billion USD equity infusion will be fully utilized 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,' said Nishant Tiwari, Director Sales, NexGen Energia Ltd. He further stated, 'We are committed to making every rupee of this investment work to promote innovation, create jobs, and facilitate India's move towards energy independence.' The timing of the investment is timely. With the Indian government aggressively pursuing initiatives such as the National Bio-Energy Mission, the private sector is being viewed increasingly as a critical partner in attaining energy security and carbon neutrality objectives. Capital Edge: A Partner with Purpose Capital Edge, an investment company based in Kuwait, specializes in high-impact projects in emerging markets of Asia, Africa, and the Middle East. It is experienced in structured equity financing for scalable, sustainable projects with quantifiable social impact. One of the distinguishing aspects of Capital Edge's model is its investor-centric model. For big projects in excess of USD $1 Billion, such as the NexGen Energia one, the company employs a long-term equity investment model, providing companies with the fiscal room to expand without pressure for short-term repayment. 1,000 CBG Plants by 2026: A National Vision At the heart of NexGen Energia's growth strategy is its intention to set up 1,000 Compressed Bio-Gas plants in India by the end of 2026. The mass rollout is anticipated to add considerably to India's clean energy potential while, at the same time, resolving environmental and rural economic issues. CBG, made from agricultural residue and organic biomass, is not merely a green-burning fuel, but also an instrument for rural empowerment and waste management. Leverage the potential of India's huge biomass reservoirs to make waste a wealth creator–generate a decentralized circular energy system, says Kishor Panda, CEO, NexGen Energia Ltd. 'Every CBG plant we set up creates a ripple effect–job creation, rural entrepreneurship, and minimizing environmental waste,' Kishor Panda added. 'With this capital backing, we can now accelerate plant building, increase supply chain efficiencies, and expand our operations pan-India.' Industry estimates are that the development of 1,000 plants could generate over 50,000 direct and indirect employment opportunities, particularly in rural and semi-urban locations. Moreover, the environmental contribution is significant, dramatically lowering methane emissions and substituting fossil fuel reliance. Why CBG Matters CBG, or Compressed Bio-Gas, is a purified form of biogas that has comparable properties to natural gas and can be utilized as a clean automotive fuel. The manufacturing of CBG manages organic waste, promotes local economies, and lowers dependence on foreign fuel. India, with its large agricultural economy, generates enormous amounts of organic waste that remain untapped in most cases. NexGen Energia's strategy is to utilize this untapped potential and convert it into clean energy. The Indian government has already identified CBG as one of its priority energy sources under its SATAT (Sustainable Alternative Towards Affordable Transportation) program, which encourages the setting up of 5,000 CBG plants by 2030. NexGen Energia's vision of setting up 1,000 plants places it at the forefront of this national endeavour. A Global Vote of Confidence This investment agreement is more than a commercial transaction–it's a powerful indication of international confidence in India's clean energy future. With foreign investors looking for sustainable and forward-looking opportunities, India is becoming an attractive source of climate-convergent capital. Capital Edge's partnership with NexGen Energia highlights a more widespread pattern of strategic cooperation among global financiers and Indian inventors. Partnerships such as these are needed to achieve the gigantic infrastructure and capital needs of the transition to clean energy. The Road Ahead Now that the agreement has been formalized, Capital Edge and NexGen Energia are moving at a fast pace to launch the second stage of implementation. 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 dozens CBG facilities, with 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. As India moves closer to its clean energy aspirations, collaborations such as that of NexGen Energia and Capital Edge will prove decisive. They don't just contribute financial strength but also global prestige, technical proficiency, and common dedication to sustainability. With this $1 Billion USD equity injection, NexGen Energia is more primed than ever to energize India's clean energy future. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Time of India
21-04-2025
- Business
- Time of India
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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 strategic infusion represents a sea change for NexGen Energia, which has emerged as an increasingly important contributor to India's clean energy movement, it 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 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, projects will be launched in high-potential areas such as Maharashtra, Uttar Pradesh, and Karnataka, with land acquisition and vendor associations already 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.
Time of India
21-04-2025
- Business
- Time of India
NexGen Energia secures $1 billion from Capital Edge to expand CBG infrastructure across India
New Delhi: Renewable energy company NexGen Energia Ltd has secured $1 billion (approx. ₹8,500 crore) equity investment commitment from Kuwait-based Capital Edge to scale up its Compressed Bio-Gas (CBG) infrastructure in India, the company said. The funding will support the Noida-headquartered firm's goal of setting up 1,000 CBG plants across the country by 2026. NexGen Energia is among India's key players in the CBG space and plans to use the investment for plant development, technology integration, and supply chain expansion. '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,' said Nishant Tiwari, Director – Sales, NexGen Energia Ltd. NexGen Energia's CBG rollout strategy is aligned with the government's SATAT (Sustainable Alternative Towards Affordable Transportation) programme, which targets 5,000 CBG plants by 2030. The company aims to contribute 1,000 units toward this target. CBG, or Compressed Bio-Gas, is a purified form of biogas with properties similar to natural gas. It can be used as a clean transport fuel and is produced from biomass and agricultural residue. 'Every CBG plant we set up creates a ripple effect—job creation, rural entrepreneurship, and minimising environmental waste,' said Kishor Panda, CEO, NexGen Energia Ltd. Industry estimates suggest the development of 1,000 CBG plants could create over 50,000 direct and indirect jobs, particularly in rural and semi-urban areas. Each plant also contributes to methane emission reductions and waste management. Capital Edge is a Kuwait-based investment firm that focuses on high-impact infrastructure projects in emerging markets across Asia, Africa, and the Middle East. Its investment model includes long-term equity commitments for large-scale projects. According to the company, early projects under this funding arrangement will be launched in Maharashtra, Uttar Pradesh, and Karnataka. Several dozens of CBG facilities are planned to be completed over the next 18 to 24 months. India generates significant quantities of agricultural and organic waste that remain underutilised. NexGen Energia plans to convert this into clean fuel and build a decentralised circular energy ecosystem.
Zawya
01-04-2025
- Business
- Zawya
EY-Parthenon eyes $250mln investment in AI-powered Edge platforms
Leading accounting and consulting firm EY has announced that its key unit, EY-Parthenon, is set to make a $250 million investment in its artificial intelligence (AI)-powered Edge platforms working with ecosystem partners Microsoft and vendors including OpenAI. The AI-powered Edge platforms – including Competitive Edge, Diligence Edge and Capital Edge – give private equity and corporate clients access to the most advanced tech and relevant datasets to support their transformative strategies and transactions, helping them create new value and gain competitive advantages. EY-Parthenon is a joint venture between EY and Parthenon Group, a global strategy consultancy with offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore. It now boasts a 25,000-strong workforce with presence in 150 countries. The newly formed EY-Parthenon brand aims to appeal to an increasingly diverse range of talent with an investor mindset – professionals eager to address the most challenging business and societal issues within the most collaborative culture in strategic consulting. According to EY, Brad Watson, an industry veteran, will be leading the sub-brand in the Mena region. Unveiling the key expansion strategy, EY said it is unifying the organization's strategy and transactions service line under a single, distinctive sub-brand focused on creating value for EY clients, people and society more broadly at the intersection of strategy, transaction services and transformation. The move is a significant milestone in the broader EY global strategy, 'All in,' and is designed to enhance the full consulting transformation capabilities of the organization. The expanded offering will be a unique combination of transformative strategy and transactions functions integrated within the full spectrum of EY services – from tax to technology – and will enhance the ability of EY professionals to help deliver market-leading, multi-disciplinary, cross-functional transformational solutions. As part of this transition, the EY-Parthenon brand identity is being refreshed in line with the EY organization's 'Shape the future with confidence' brand expansion announced in June 2024, to inspire EY people, clients and stakeholders around the value delivered across all service lines and sectors. Andrea Guerzoni, EY-Parthenon Global Vice Chair, said: "At a time of heightened geopolitical uncertainty and relentless tech-driven transformational change, client demand around strategic consultancy is evolving. This newly expanded proposition is meeting those new demands, focusing on delivering real-world value – solutions that work in practice, not just on paper." "EY-Parthenon, with its deep functional talent and sector capabilities, innovative AI-powered technology and investor mindset, is designed to collaborate with CEOs, boards, private equity and governments on every step of their transformation journey – helping them to shape the future with confidence," he stated. Guerzoni pointed out that this change would see EY-Parthenon strengthen its leading position in mergers and acquisitions (M&A), divestitures, corporate finance, value creation, turnaround, and optimization, as well as sector-driven strategic advisory and transformation services. The newly integrated team will also benefit from cross-functional collaboration with the full spectrum of services provided by 400,000 EY people worldwide, enhancing the strength of the organization across Consulting, Tax and Assurance – and particularly around large-scale transformational programs. EY Global Chair and CEO Janet Truncale said: "Expanding the EY-Parthenon brand is a pivotal step in reinforcing EY's strategic consulting offerings to meet the challenges of tomorrow. Our 'All in' strategy is rooted in the transformation of the EY organization to support clients as they shape the future with confidence." "The strengthened EY-Parthenon will help deliver on this mission and drive value for C-suite and boards," he stated. Watson said the elevation of Parthenon will unify its service line under a single and distinctive sub-brand here in the Mena region, as well as globally. "This will not only provide us with unique positioning in the market to further differentiate our team, but it will also showcase the full strategy, transaction, and transformation capabilities of EY – demonstrating our ability to deliver market-leading, multidisciplinary, cross-functional solutions for clients based in the region,"he added. Nadine Mirchandani, EY-Parthenon Deputy Global Vice Chair, said: "Some of the most recent senior EY-Parthenon hires have included government policy advisors, data scientists, civil engineers, solution architects and technologists." "The talent profile is rapidly changing and while EY-Parthenon continues to hire people with strategy, financial, M&A and investment banking skills, this recruitment strategy addresses clients' growing needs for demonstrable value realization on the back of strategic consulting work," he stated. "That means more and more deep industry knowledge, and capabilities around emerging technology – including AI, and operational and functional offerings," he added. Investments have also included strengthening EY-Parthenon's Geostrategy Business Group – a well-established strategic offering focused on helping clients navigate macro-issues and the business implications of shifting geopolitical change. In full alignment with the core proposition of EY-Parthenon, the group translates emerging and anticipated trends into practical strategic and operational advice to help boards and public institutions navigate disruption and uncertainty. EY-Parthenon is also making a $250m investment in its AI-powered Edge platforms working with ecosystem partners such as Microsoft and vendors including OpenAI. Competitive Edge encompasses more than 26m company profiles, 2.1m transactions and more than 325,000 company reports. It also keeps a pulse on the market by monitoring 677m news articles and proprietary data sources. The full Edge suite is being leveraged by more than 25,000 people, including more than 10,000 clients across the globe. Combined, the three platforms provide AI-supported insights and benchmarks – empowering the EY-Parthenon offering from strategy and deal sourcing to due diligence and private equity value creation.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
