CIP Commences Construction Of 300 MW Wind Project With Envision 

CIP Commences Construction On 300 MW Wind Project With Envision 

Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund I (CI GMF I) have taken final investment decision (FID) 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 located at Karnataka with favorable wind conditions, good site accessibility, and an existing grid connection in relative proximity and construction is expected to be completed by end of 2025.

CIP and Viviid will develop and construct the wind farm jointly. Alongside the FID, CIP has signed a turbine supply agreement for the EN 156 3.3MW turbines with Envision Wind Power Technologies India Private Limited and a foundation and crane supply contract with Sanghvi Movers. Viviid will provide balance-of-plant works and services and hold minority ownership in the project.

“Achieving FID is a significant milestone for CIP and for our partnership with Viviid. It is testament to our industrial approach and ability to deliver large scale renewable energy projects with highly competent partners”, said Peter Sjøntoft, Associate Partner in CIP.  “We look forward to continuing the successful collaboration and realizing these projects which contribute to local growth and job creation while delivering attractive returns for our fund investors.”

Since entering the Indian market in 2021, CIP has formed partnerships with AmpIn Energy Transition and Viviid and has opened an office in Mumbai. CIP intends to continue to grow its activities in the Indian market together with both existing and new potential partners and expects to build and commission several GW of renewable generation capacity over the coming years. CIP is also exploring opportunities in adjacent technologies such as offshore/nearshore wind, hydrogen, and other related projects.

RPV Prasad, CEO, Envision Wind Power Technologies India said, “It is a proud moment for us as we partner with CIP to leverage the enormous wind energy potential in Karnataka. As part of our commitment to the Atmanirbhar Bharat vision, we would be assembling the Nacelle and Hubs at our Pune factory, Blades from our own / vendors factory, and sourcing tower components from our manufacturers in Maharashtra. The booming Indian wind energy landscape would play a pivotal role in propelling the country towards net-zero.”