Copenhagen Infrastructure Partners enters long-term partnership in India to develop renewables
Published by Abi Larkin,
Editorial Assistant
Energy Global,
Copenhagen Infrastructure Partners has entered into a framework agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) with Viviid Renewables Private Limited to develop more than 1.8 GW of renewable energy projects in India with a primary focus on onshore wind projects.
The partnership will initially focus on the development of two onshore wind projects with a combined capacity exceeding 500 MW, with additional projects expected to be developed and constructed through successor CI NMF funds. Viviid will contribute projects from its extensive development pipeline to the partnership, as well as deliver key development activities up to final investment decision as well as providing design, engineering, procurement, and construction services. CIP will lead offtake sourcing, general procurement activities, and the financing process while leveraging Viviid’s local experience.
Peter Sjøntoft, Associate Partner in CIP, commented: “This is the second CI NMF I partnership in the Indian renewable energy market, reflecting India’s continuing importance as a key focus area for the fund. With this partnership, we are significantly strengthening our foothold in India and are delighted to partner with Viviid and look forward to working alongside their highly experienced team, combining our joint expertise to assist the green transition in the country.”
Siddharth Mehra, Founder of Viviid, stated: “We are very excited to be partnering with CIP to accelerate delivery of our project pipeline over the coming years. Through this long-term partnership, we aim to further strengthen our contribution to India’s ambitious target of installing 500 GW of generation capacity from renewable sources by 2030.”
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Winter 2022 issue
The Winter 2022 issue of Energy Global hosts an array of technical articles focusing on wind, solar, energy storage, geothermal, and more. This issue also features a regional report on the Australian renewables sector.
Read the article online at: https://www.energyglobal.com/wind/06032023/copenhagen-infrastructure-partners-enters-long-term-partnership-in-india-to-develop-renewables/
You might also like
Hydro-Québec to diversify energy mix
Hydro-Québec aims to develop 3000 MW of solar energy by 2035.