Copenhagen Infrastructure Partners has taken final investment decision on a 300-MW onshore wind project in India together with Viviid Renewables (Viviid), an Indian developer and balance-of-plant service provider. The project is in the Indian state of Karnataka with favorable wind conditions, good site accessibility, and a nearby existing grid-connection location. Construction is expected to be completed by the end of 2025.
CIP and Viviid will develop and construct the wind farm together. Alongside final investment decision, CIP signed equipment orders for the full project capacity. Viviid will provide balance-of-plant works and services and holds a minority ownership position in the project.
This will be the first project to be constructed under the partnership between CIP and Viviid, who, in January 2023, entered into a framework agreement to develop at least 1.8 GW of renewable energy projects in India.
“Achieving FID is a significant milestone for CIP and for our partnership with Viviid,” said Peter Sjøntoft, associate partner at CIP. “It is testament to our industrial approach and ability to deliver large scale renewable energy projects with highly competent partners.”
“We are elated to embark on this first 300-MW wind farm project with CIP and look forward to accelerating the development of renewable assets in India,” said Siddharth Mehra, Viviid Renewables founder. “Viviid will leverage its expertise in wind-farm development, including balance-of-plant equipment supplies and services. 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.”
India is a core market for CI Growth Markets Fund strategy. Since entering the Indian market in 2021, CIP has formed partnerships with AmpIn Energy Transition and Viviid and has opened an office in Mumbai.
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