Pursuant to this engagement, Ecoforge will source, on an ongoing basis, renewable energy projects, in particular operating businesses, for Revonergy’s consideration. The immediate focus is projects in India; however, it is conceivable that the two parties may also collaborate on projects in other Asian markets according to resource allocations.
In addition to sourcing projects, both parties expect Ecoforge to take an active role in project due diligence, negotiations, and adding value to projects.
Ecoforge, an investment advisory and strategy consulting firm with a focus on renewable energy and other green businesses, has also formed alliances with investment banks and financial advisory firms in the US, the UK and Canada to assist its clients in raising debt, private and public equity from these countries.
Ravi Daswani, president and CEO of Revonergy, said: “India is a very important market to Revonergy. The country very much needs new sources of energy to support its massive economic growth, and this agreement with Ecoforge will help us to immediately offer our services in the Indian market.”
Indian renewable energy project development companies seeking to raise capital (equity, debt and carbon finance), secure international joint venture projects, or to sell renewable energy assets in India and South East Asia.
