CIP eyes 1.8GW Indian renewables with ‘primary focus’ on wind

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.

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