Copenhagen Infrastructure Partners (CIP), in partnership with Viviid Renewables, has taken a final investment decision on its 300 MW onshore wind project in India.
The project will be located in the Indian State of Karnataka, which features favorable wind conditions, good site accessibility, and a nearby existing grid connection location. CIP and Viviid will jointly develop and construct the wind farm, and CIP anticipates construction on the project will be completed by the end of 2025.
In addition to the final investment decision, CIP also signed equipment orders for the full project capacity, and Viviid, which holds a minority ownership position in the project, will provide balance-of-plant works and services.
“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, Founder of Viviid Renewables. “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.”
This will be the first project to be constructed under the CIP-Viviid partnership, which entered into a framework agreement in January 2023 to develop at least 1.8 GW of renewable energy projects in India.
CIP officially entered the Indian market in 2021 and intends to continue to grow its activities in that market, both with existing and new potential partners, to build and commission several GWs of renewable energy generation capacity over the coming years.
As part of this plan, CIP will also explore opportunities in adjacent technologies, such as offshore or nearshore wind and hydrogen.