URBS and Bootes Strengthen Partnership to Propel India's Green Infrastructure

Swedish system integrator URBS announced its collaboration with Bootes to bring investment and technology from Nordic countries to India. This partnership aims to accelerate decarbonisation and support green financing. The agreement includes various projects targeted at boosting India's infrastructure and real estate sectors, with a strong emphasis on sustainability.

Swedish system integrator URBS announced on Monday its collaboration with Bootes to channel investment and technology from Nordic countries into India for various projects. The strengthened partnership aims to expedite the growth of India's infrastructure and real estate sectors, according to a company statement.

This initiative will also drive decarbonisation by facilitating Nordic green financing for verified net-zero projects in India. The introduction of proven technologies aims for maximum efficiency and minimal environmental impact, supported by increasing interest from the Nordic region to back these large-scale ventures with AAA-rated guarantees.

Fredrik Agerhem, Managing Director of Finance at URBS, stated that bold action and strong collaboration are essential to tackle the climate crisis. He emphasized that the partnership would provide transparency and a platform for green funds and AAA-rated institutions to invest in dynamic markets globally.

In December 2023, Bootes and URBS jointly launched Cooling-As-A-Service to cut India's energy costs by up to 50 percent and reduce carbon emissions. Over Rs 1,000 crore worth of private sector projects are slated for execution in the coming years. URBS founder and CEO Will Sibia expressed strong confidence in Bootes' capabilities for green projects in India during a recent investor call.

Bootes CEO Deepak Rai noted that the partnership is crucial in its mission to accelerate India's transition to a net-zero future. The combination of Nordic green financing and advanced technologies will deliver impactful, sustainable projects at scale.

(With inputs from agencies.)