Cleantech Investors Announces $100 Mn Partnership between India & NZ
Cleantech and green infrastructure investors ETI Dynamics and New Zealand’s first dedicated cleantech investors Greenhouse Capital announced an exclusive partnership to mobilise $100m to expedite the export of New Zealand clean technologies into Indian, Asian and African markets.
The partnership was jointly announced by ETI Dynamics CEO, Sanmit Ahuja, at the first bi-annual joint ETI Dynamics/Greenhouse Capital Cleantech Investment Forum. “New Zealand has a great deal of innovation to offer the world and ETI Dynamics is delighted to be working closely with Greenhouse Capital to realise the many growth opportunities available,” he said.
Ahuja further said, “The maturing of cleantech over the past decade and the emergence of cost-effective sustainable solutions will ensure that sustainable innovation becomes the norm in large industrial verticals before 2020. Penetration of sustainability in the core businesses of industries such as oil and gas, power and utilities, chemicals & materials, mining & metals, will have a tremendous positive impact – a total addressable market of $3 trillion to $4 trillion.”
Investors, cleantech companies, banks and government attended the event, which was followed by a series of more detailed investment discussions with companies seeking funding and offshore growth opportunities.
Greenhouse Capital will also be a key partner for one of eight regional Cleantech Innovation Hubs that ETI Dynamics is setting up.
Greenhouse Capital Director Duncan Stewart described the partnership as a significant step forward for the Kiwi cleantech sector and trade relationships with India. “We are thrilled to be working closely with ETI Dynamics. They have a large portfolio of projects in India and other regions that could benefit hugely from the clean technologies we produce in New Zealand. ETI Dynamics also has global growth aspirations, so the potential for New Zealand is vast.”
ETI Dynamics and Greenhouse Capital expect to announce multiple investment deals during a trade mission to Delhi in September.