Copenhagen Infrastructure Partners (CIP), via its Copenhagen Infrastructure New Markets Fund I (CI NMF I), has entered into a framework agreement with Viviid Renewables, an Indian developer and BOP contractor, to develop more than 1.8 GW of renewable projects in India with a primary focus on onshore wind projects.
The partnership will initially focus on the development of two onshore wind projects with a combined capacity of over 500 MW, with additional projects expected to be developed and constructed through successor CI NMF funds. CIP will lead offtake sourcing, general procurement activities and the financing process while leveraging Viviid’s local experience. Viviid will contribute projects from its extensive development pipeline to the partnership.
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