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Last Updated on 25th June 2024
Copenhagen Infrastructure Partners (CIP) has started the construction and has taken the final investment decision (FID) for a 300 MW onshore wind project in Karnataka, India. CIP is partnering with Viviid Renewables to develop this project.
CIP and Viviid will jointly design and construct the wind farm. CIP placed equipment orders for the entire capacity of the project. Viviid Renewables will provide balance-of-plant services. This will be the first project constructed under the partnership between CIP and Viviid Renewables.
In January 2023, the joint venture entered into a framework agreement to develop 1.8 GW of renewable energy projects in India. Siddharth Mehra, founder of Viviid Renewables, says, “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.”
Apart from establishing offices in Mumbai, CIP has partnered with AmpIn Energy Transition and Viviid. CIP will construct and commission several renewable power projects and intends to further expand its operations in the Indian market in collaboration with new and prospective partners. Furthermore, CIP is exploring opportunities in adjacent technologies such as offshore and nearshore wind, hydrogen, etc.
Copenhagen Infrastructure Partners (CIP) is a leading global player in the world of renewable energy infrastructure investments. They specialize in early-stage investments in renewable energy infrastructure projects, giving them access to some of the most promising opportunities.
Their investments span various technologies, including offshore and onshore wind, solar PV, biomass, energy-from-waste, transmission and distribution, reserve capacity and storage, and even power-to-X
Viviid Renewables is a renewable energy company based in India, specializing in the development of wind and solar farms. The company offers a range of services, including site identification, land acquisition, project management, and construction. Aims to be a key player in India's ambitious renewable energy goals, which include achieving 500 GW of non-fossil fuel capacity by 2030.
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