Essar Energy Transition raises $400-M from European, British banks

Essar Energy Transition , a low-carbon investment arm of the Mumbai-based Essar Group, has raised USD 400 million through new financing facilities provided by ABN AMRO, NatWest, and Natixis CIB.The firm focuses on low-carbon energy transition projects and industrial decarbonisation. Essar Energy Transition plans to use the new funds to strengthen its liquidity, improve working capital efficiency, and support its long-term growth and decarbonisation objectives.