India's Renewable Energy Capacity Hits New Milestone
India has reached a significant milestone in its renewable energy journey, with the country's total renewable energy capacity crossing the 200 GW (gigawatt). This remarkable growth aligns with the country's ambitious renewable energy target of achieving 500 GW from non-fossil sources by 2030.
According to the Central Electricity Authority, the total renewable energy-based electricity generation capacity now stands at 203.18 GW. This achievement underscores India's growing commitment to clean energy and its progress in building a greener future. India's total renewable energy installed capacity surged by an impressive 24.2 GW (13.5%) in just one year, reaching 203.18 GW in October 2024, up from 178.98 GW in October 2023. Additionally, when including nuclear energy, India's total non-fossil fuel capacity rose to 211.36 GW in 2024, compared to 186.46 GW in 2023.
Source : MNRE
LeapFrog Investments Raises $1.15bn in Fourth Fundraising Cycle
LeapFrog Investments, the Profit with Purpose firm, announces the close of its fourth fund (“Fund IV”), with commitments and designated co-investments totalling $1.02 billion. LeapFrog’s initial target for Fund IV was $1 billion.
The fundraise includes $808 million of primary fund commitments and up to $210 million of pre-allocated co-investment to accelerate high-impact healthcare and financial services companies in global growth markets. Alongside an additional partnership with Prudential Financial (to invest in leading African financial services firm Alexander Forbes), this brings new allocations to the firm’s healthcare and financial services strategies across the recent fundraising cycle to over $1.15 billion. Separately, LeapFrog also recently launched a new climate investing strategy to provide green tools and technologies across Africa and Asia.
Source : LeapFrog Investments