The MoU establishes an approach for identifying, developing, and financing infrastructure projects across key sectors including clean energy (solar and biomass), sustainable transport, agri-PV technology, and green hydrogen infrastructure in Uttar Pradesh. Over the past three years, PIDG has mobilised over USD 500 million (more than INR 4000 crore equivalent) in private investment in India, providing a strong foundation for climate-positive infrastructure opportunities through this collaboration.
“Uttar Pradesh is setting a bold template for sustainable infrastructure development within India, and PIDG is proud to be a catalyst in this journey. By blending solutions from PIDG with the state’s vision, we aim to de-risk critical climate projects and crowd in the private institutional capital necessary to turn ambitious policy into tangible, resilient and impactful infrastructure.”
The MoU reflects PIDG’s five-year strategy to scale its role as a leading mobiliser of climate capital in emerging markets and developing economies. Through this collaboration, PIDG will work alongside government counterparts and the private sector to help accelerate project preparation, enhance bankability, and attract private capital into infrastructure aligned with national development priorities.
Through its integrated approach – spanning early-stage equity and project development, credit enhancement, guarantees, and investment solutions – PIDG will support the creation of investable infrastructure opportunities capable of crowding in long-term institutional capital. By deploying catalytic capital, technical expertise, and innovative financing solutions, PIDG aims to unlock greater flows of private investment into infrastructure projects that deliver resilient infrastructure systems while supporting Uttar Pradesh’s transition toward a low-carbon and inclusive economy.
Earlier in the week, PIDG and AVPN – Asia’s leading social investors network – joined hands to deepen their collaboration in mobilising impact capital for emerging economies through sharing networks, opportunities and infrastructure development expertise. The MoU between PIDG and GoUP was facilitated by AVPN.
