| Six months after making its first bet on India's fast growing renewable energy sector, sovereign wealth fund ( SWF) Abu Dhabi Investment Authority ( ADIA) is gearing up for a rerun.
ADIA is in advance negotiations with Hyderabad headquartered Greenko Group to invest between $170-$200 million for a minority stake, said multiple sources aware of the ongoing negotiations. ADIA's growing interest in this sector reflects the emirates' focussed strategy to diversify from petroleum and other fossil fuels and back newer, clean tech ventures across the region, especially in emerging geographies like India...............................................Full Article: Source
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