FMO may invest $10m more in India's renewable energy producer Avaada

FMO may invest $10m more in India's renewable energy producer Avaada

Photo: Sungrow EMEA/Unsplash

Dutch development bank FMO has proposed top-up investment of $10 million in Avaada Energy Pvt Ltd, an independent power producer of renewable energy projects (predominantly solar) based in India, according to a disclosure.