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IndiGrid BESS

Sector: Warehouse • Location: India

Source: International Finance Corporation (IFC)

Project
Active

The Project is an opportunity for IFC’s Indian Rupee equivalent of up to US$55 million (approximately INR 4.70 billion) subscription consisting of IFC own account investment of US$38.5 million and a US$16.5 million co-investment from CTF GESP, to support IndiGrid InvIT to achieve consistent growth in its asset portfolio. The Project is expected to demonstrate the use of InvITs in deepening capital

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Project Information

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The project “IndiGrid BESS” is an infrastructure initiative in the Warehouse sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

The Project is an opportunity for IFC’s Indian Rupee equivalent of up to US$55 million (approximately INR 4.70 billion) subscription consisting of IFC own account investment of US$38.5 million and a US$16.5 million co-investment from CTF GESP, to support IndiGrid InvIT to achieve consistent growth in its asset portfolio. The Project is expected to demonstrate the use of InvITs in deepening capital sources for infrastructure amidst recent favorable regulations allowing FPIs to participate in debt issuances by InvITs. The proceeds of this issuance will be used by IndiGrid to finance a 180MW/360MWh capacity standalone BESS project in Gujarat. IndiGrid won this Project in a competitive bidding (March 2024) conducted by GUVNL.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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