Noida, April 22, 2025 — NexGen Energia Ltd, a leading Indian renewable energy company specializing in Compressed Bio-Gas (CBG), has secured a $1 billion equity investment from Kuwait-based investment firm Capital Edge. This substantial funding aims to accelerate the development of 1,000 CBG plants across India by 2026, contributing significantly to the country’s clean energy goals.
Strategic Expansion Aligned with National Goals
The investment will bolster NexGen Energia’s efforts to expand its CBG infrastructure, aligning with the Indian government’s Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, which targets the establishment of 5,000 CBG plants by 2030. CBG, derived from agricultural and organic waste, serves as a cleaner alternative to fossil fuels, aiding in waste management and reducing greenhouse gas emissions.
Economic and Environmental Impact
The deployment of 1,000 CBG plants is expected to create over 50,000 direct and indirect jobs, particularly in rural and semi-urban areas. By converting organic waste into clean fuel, the initiative supports a decentralized circular economy, promoting rural entrepreneurship and contributing to environmental sustainability.
Implementation Timeline
Initial projects under this funding are set to commence in high-potential states such as Maharashtra, Uttar Pradesh, and Karnataka. NexGen Energia plans to complete several dozen CBG facilities within the next 18 to 24 months, with a scaled rollout extending through 2026. The company also aims to integrate supply chain efficiencies and technological innovations to ensure the long-term sustainability of the project.