FGRE is the flagship initiative of the First Global Renewable Energy Group. FGRE will be investing in various renewable energy technologies including but not limited to wind, solar PV, biomass, hydro and district cooling and will be focussed on developing economies in Asia, Africa, Emerging Europe and United Kingdom.
FGRE’s strategy will be to
- Build out a diversified portfolio of renewable assets across multiple resources
- Primary focus on un-listed/private projects sourced through FGRE’s proprietary network along with trusted partners
- Strategic minority with board representation targeting returns of >12% at asset level in INR
- Minor exposure to listed bonds and equities (approx. 5-7% of total exposure) through a sister entity