Eversource Capital Eyes $700M for Second Green Fund, Targets India's Energy Transition

• Eversource Capital is in talks to raise $700 million for its second green fund, building on its climate and sustainability investment platform.
• The fund will focus on mid-market green infrastructure and energy transition businesses across India and South Asia, including renewable power, electric mobility, and waste management.
• This follows the successful $750 million Green Growth Equity Fund I, anchored by NIIF and global institutional investors.
• The new fund aims to capitalize on growing investor appetite for climate-linked assets and scalable sustainability businesses in high-growth markets like India.
• Eversource Capital, a joint venture between Everstone Group and Lightsource bp, will continue its strategy of control and co-control investments in operating businesses.