Copenhagen Infrastructure Partners (CIP) is all set to develop over 1800MW of renewable projects in South Asia.
The company has already entered into an agreement with the Indian developer Viviid Renewables to develop the projects in India.
It has been reported that in the first phase, the latest partnership will focus on the development of two onshore wind projects with a combined capacity of more than 500MW.
According to the company, “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,” a local report mentioned.
CIP further informed that it will “lead offtake sourcing, general procurement activities and the financing process.”
Peter Sjontoft, Associate Partner at CIP, was quoted in a statement, “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.”
Meanwhile, Siddharth Mehra, founder of Viviid, commented: “We are very excited to be partnering with CIP to accelerate delivery of our project pipeline over the coming years.”
He added that under the long-term partnership, the company plans to further contribute to India’s ambitious target of installing 500GW of generation capacity from renewable sources by 2030.
