Yes Bank and GEF to co-pilot new cleantech fund
Copenhagen discord aside, investors are said to be flocking to top up a new $200 million clean/green technology fund to be jointed administered by Indian private bank Yes Bank and noted US-based private equity player Global Environment Fund (GEF), recently cited as ‘2009 Sustainable Investor of the Year’ by the International Finance Corporation.
It’s worth noting, however, that when Yes Bank first announced it was launching a $300-500 million cleantech fund back in July 2009, potential backers stayed away. So there is some ambiguity in play....
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