Avaana Capital has announced the first drawdown of the Green Climate Fund’s (GCF) USD 24.5 million commitment to the Avaana Sustainability Fund, marking the GCF’s first venture capital investment in India. The investment is anchored by the Small Industries Development Bank of India (SIDBI), acting as the accredited entity under the guidance of the Department of Financial Services (DFS), Ministry of Finance. https://www.saurenergy.com/solar-energy-news/avaana-capital-draws-first-tranche-of-gcfs-usd-24-5mn