responsAbility Picks Up Stake in Biomass Aggregator Punjab Renewable Energy Systems (Asia)

Source: VCCircle  |  Author: Bhawna Gupta

Independent asset manager responsAbility Social Investments has picked up a minority stake in India-based biomass aggregator Punjab Renewable Energy Systems (PRES). The deal was structured through responsAbility Ventures I. PRES intends to use the capital injection for expansion into new locations in India and abroad. Financial details of the transaction were not disclosed.