Copenhagen Infrastructure Partners (CIP) plans to develop more than 1.8GW of renewables in India through a partnership with local player Viviid Renewables.
There will be a “primary focus on onshore wind” in the planned portfolio, and its first two projects would be unspecified onshore wind farms with a combined capacity of more than 500MW, CIP stated.
The Danish investor plans to back future projects from Viviid’s pipeline through future funding rounds.
Though a framework agreement, Viviid is due to provide key development activities before a final investment decision is made. It will also provide design, engineering, procurement and construction services.
Meanwhile, CIP is to lead on sourcing power buyers, general procurement activities and financing.