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					</table><p>Denmark-based Copenhagen Infrastructure Partners (<a href="https://www.cip.com/" target="_blank" rel="noopener">CIP</a>) has taken a final investment decision on a 300 MW onshore wind project being built jointly with Indian developer and balance-of-plant service provider <a href="https://www.viviidrenewables.com/" target="_blank" rel="noopener">Viviid Renewables</a> in Hatalageri, Gadag district, Karnataka.</p>
<p>This final investment decision was taken through CIP’s Growth Markets Fund I (CI GMF I).</p>
<p>CIP also signed equipment orders for the full project capacity, while Viviid, which holds a minority ownership position in the project, will provide balance-of-plant works and services.</p>
<p>Construction of the project is expected to be completed by the end of 2025.</p>
<p>In January 2023, the two companies entered into a framework agreement to develop at least 1.8 GW of renewable energy projects in India. This is the first project being constructed as part of the agreement. Further project developments already initiated by the companies will materialize through CI GMF I’s successor fund, CI GMF II.</p>
<p>The project is part of the commitment made by the two companies in 2023 to <u><a href="https://www.mercomindia.com/copenhagen-viviid-develop-renewable-projects-india" target="_blank" rel="noopener">develop</a></u> more than 1.8 GW of greenfield renewable energy projects in India.</p>
<p>“Achieving FID is a significant milestone for CIP and for our partnership with Viviid. It is a testament to our industrial approach and ability to deliver large-scale renewable energy projects with highly competent partners,” said Peter Sjøntoft, associate partner at CIP.</p>
<p>Since it entered the Indian market in 2021, CIP has forged partnerships with AmpIn Energy Transition and Viviid with the aim of commissioning several GW-scale renewable energy projects.</p>
<p>“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,” said Siddharth Mehra, Founder of Viviid Renewables.</p>
<p>Last July, CIP also <a href="https://www.mercomindia.com/renewables-fund-partners-raises-6-6-billion" target="_blank" rel="noopener">raised</a> nearly $6.6 billion to channel greenfield investments for large-scale renewable energy projects across North America, Western Europe, and the Asia-Pacific region.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/staff/" class="vcard author" rel="author"><span class="fn">Staff</span></a></div><div class="saboxplugin-desc"><div itemprop="description"></div></div><div class="clearfix"></div></div></div>

CIP Starts Construction of 300 MW Onshore Wind Project in Karnataka


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					</table><p>Copenhagen Infrastructure Partners (<a href="https://cipartners.dk/" target="_blank" rel="noopener">CIP</a>), on behalf of its New Markets Fund I (CI NMF I), has entered into a partnership with <a href="https://www.viviidrenewables.com/" target="_blank" rel="noopener">Viviid Renewables</a> to develop more than 1.8 GW of greenfield renewable energy projects in India.</p>
<p>Initially, the partnership will concentrate on two onshore wind projects with a combined capacity of over 500 MW. These projects will be developed with the help of the CI NMF funds, and the partnership plans to construct them soon.</p>
<p>As part of the partnership, Viviid will provide projects from its development pipeline and take responsibility for critical development activities up to the final investment decision. It will offer design, engineering, procurement, and construction services.</p>
<p>CIP will oversee the sourcing offtake, procurement activities, and financing process while leveraging Viviid&#8217;s local experience.</p>
<p>&#8220;This is the second CI NMF I partnership in the Indian renewable energy market, reflecting India&#8217;s continuing importance as a key focus area for the fund. With this partnership, we are significantly strengthening our foothold in India and are delighted to partner with Viviid and look forward to working alongside their highly experienced team, combining our joint expertise to assist the green transition in the country,&#8221; said Peter Sjøntoft, Associate Partner in CIP.</p>
<p>CIP manages ten funds and has raised approximately €19 billion (~$21.3 billion) for investments in energy and associated infrastructure from more than 140 international institutional investors.</p>
<p>Viviid provides end-to-end development and balance of plant services for wind and solar projects across India.</p>
<p>Last October, CIP <a href="https://mercomindia.com/daily-news-wrap-jakson-develop-224-million-green-hydrogen-rajasthan/" target="_blank" rel="noopener">entered</a> into a partnership with Ørsted to develop around 5.2 GW of offshore wind in Denmark across four projects.</p>
<p>In February last year, CIP led a consortium of partners to <a href="https://mercomindia.com/daily-news-wrap-up-dalmia-cement-expands-captive-solar-project/" target="_blank" rel="noopener">build</a> a 500 MW green hydrogen project in Spain. The consortium consisting of CIP, Enagas, Naturgy Fertiberia, and Vestas, said the first phase of Project Catalina had reached an advanced stage of development. Catalina Phase 1 will comprise 1.7 GW of wind and solar energy facilities and a 500 MW electrolyzer. Construction is planned to start at the end of 2023.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
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<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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Copenhagen Infrastructure, Viviid to Develop 1.8 GW of Renewable Projects in India

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