Clean-tech player CEF Group raises 38-M euros from German Development Bank

Delhi-headquartered CEF Group , a cleantech company focused on converting waste into compressed biogas, has secured 38 million euros in a mix of equity and debt from the German Export Finance Bank.The funds will be used by the firm to support its construction of two compressed biogas (CBG) plants as part of a broader plan to build 22 such facilities across India.Founded in 2018, CEF Group operates under India's SATAT (Sustainable Alternative Towards Affordable Transportation) scheme, which promotes conversion of agricultural, agro-industrial and municipal waste into clean fuel.