NexGen Energia Raises $1 Billion from Capital Edge to Enhance Green Energy Projects
In a landmark move for India's green energy industry, NexGen Energia, a Noida company that deals in Compressed Bio-Gas (CBG) manufacturing, has managed to raise a $1 billion investment from Capital Edge, a Kuwait-based investment company.
This capital will allow NexGen Energia to increase its CBG infrastructure across India, supporting the nation's transition towards clean energy and energy independence. The investment is equity-based, which means that the company can grow its operations without the risk of short-term repayment commitments.
NexGen Energia is planning to build 1,000 CBG plants by 2026 and will be instrumental in India's transition to clean energy. This project fits well with India's National Bio-Energy Mission, which supports bio-energy projects for sustainability and carbon neutrality. Capital Edge targets high-impact investments in Asia, Africa, and the Middle East, identifying scalable and sustainable projects.
The setting up of 1,000 CBG plants will go a long way in adding to India's renewable energy capabilities. With the Indian government also actively promoting bio-energy projects, this investment perfectly fits national agendas for sustainability and carbon neutrality.
Nishant Tiwari, Director of Sales at NexGen Energia, emphasized that this investment will speed up their vision for a greener India, promoting innovation, employment opportunities, and energy self-sufficiency. The $1 billion investment in NexGen Energia's CBG infrastructure is a turning point for India's renewable energy industry, one with significant implications like employment. The setup of these plants will create employment prospects, especially in rural regions, in addition to offering farmers a new source of income by enabling them to sell farm waste to CBG plants.
Globally, investments in renewable energy have surged, with spending on clean energy now nearly double that of fossil fuels. In 2024, total energy investments are projected to exceed $3 trillion, with $2 trillion earmarked for clean energy technologies and infrastructure.
Furthermore, Indian Oil-GPS Renewables has also revealed a $1,200 crore investment to establish 10 CBG plants in India in FY26, producing 5,475 tonnes per annum (TPA) of CBG, as well as fertilizers and biomass pellets. These plants will be established in Haryana, Uttar Pradesh, Chhattisgarh, and Andhra Pradesh.
In November last year, Reliance Industries announced a huge investment of $65,000 crore (about $7.5 billion) to build 500 CBG units in Andhra Pradesh within the next five years.
The SATAT program (Sustainable Alternative Towards Affordable Transportation) will set up 5,000 CBG units by 2023-24 at an estimated cost of $2 lakh crore. The program will increase the availability of clean fuel and provide employment opportunities.
Financial studies indicate that investments in CBG have promising payoffs, stimulated by growing demand for biomass blending in coal-fired power plants and fertilizer markets. Yet challenges also exist, such as the demand for qualified employees and maintaining a stable source of feedstock.
This capital will allow NexGen Energia to increase its CBG infrastructure across India, supporting the nation's transition towards clean energy and energy independence. The investment is equity-based, which means that the company can grow its operations without the risk of short-term repayment commitments.
NexGen Energia is planning to build 1,000 CBG plants by 2026 and will be instrumental in India's transition to clean energy. This project fits well with India's National Bio-Energy Mission, which supports bio-energy projects for sustainability and carbon neutrality. Capital Edge targets high-impact investments in Asia, Africa, and the Middle East, identifying scalable and sustainable projects.
The setting up of 1,000 CBG plants will go a long way in adding to India's renewable energy capabilities. With the Indian government also actively promoting bio-energy projects, this investment perfectly fits national agendas for sustainability and carbon neutrality.
Nishant Tiwari, Director of Sales at NexGen Energia, emphasized that this investment will speed up their vision for a greener India, promoting innovation, employment opportunities, and energy self-sufficiency. The $1 billion investment in NexGen Energia's CBG infrastructure is a turning point for India's renewable energy industry, one with significant implications like employment. The setup of these plants will create employment prospects, especially in rural regions, in addition to offering farmers a new source of income by enabling them to sell farm waste to CBG plants.
Globally, investments in renewable energy have surged, with spending on clean energy now nearly double that of fossil fuels. In 2024, total energy investments are projected to exceed $3 trillion, with $2 trillion earmarked for clean energy technologies and infrastructure.
Furthermore, Indian Oil-GPS Renewables has also revealed a $1,200 crore investment to establish 10 CBG plants in India in FY26, producing 5,475 tonnes per annum (TPA) of CBG, as well as fertilizers and biomass pellets. These plants will be established in Haryana, Uttar Pradesh, Chhattisgarh, and Andhra Pradesh.
In November last year, Reliance Industries announced a huge investment of $65,000 crore (about $7.5 billion) to build 500 CBG units in Andhra Pradesh within the next five years.
The SATAT program (Sustainable Alternative Towards Affordable Transportation) will set up 5,000 CBG units by 2023-24 at an estimated cost of $2 lakh crore. The program will increase the availability of clean fuel and provide employment opportunities.
Financial studies indicate that investments in CBG have promising payoffs, stimulated by growing demand for biomass blending in coal-fired power plants and fertilizer markets. Yet challenges also exist, such as the demand for qualified employees and maintaining a stable source of feedstock.
