Green Energy Venture Seeks Major Investment

Hygenco Green Energies Pvt is in talks to sell nearly half of its company in a deal that could bring in $125 million. This investment will help them achieve a major goal: producing 10 gigawatts of green hydrogen by 2030.

The Buyers

The buyers are a group of prominent players:

• The World Bank's International Finance Corp (IFC) is leading the investment with $50 million.
• Siemens from Germany and Fullerton Fund Management from Singapore will cover the remaining investment.

The Importance of Green Hydrogen

This move underscores the global seriousness about green energy. Green hydrogen is clean and powerful, with the potential to revolutionize energy usage. However, large-scale production is expensive, making this investment crucial for Hygenco.

The Potential Impact

Although the deal is not finalized, if it goes through, it could be a game-changer. It will:

• Help India become a leader in green hydrogen.
• Show other companies that big investments in green energy are possible.