Core Data & Fund Metrics:
- The Target Raise: India’s KPI Green Energy ($KPIG.NS) plans to launch an Infrastructure Investment Trust (InvIT) to raise 80 billion to 100 billion rupees ($838.16 million to $1.05 billion).
- The Asset Pool: The trust will hold 1.5 to 2 gigawatts (GW) of operational solar, wind, and hybrid power projects, backed by long-term power supply agreements with state utilities (e.g., Gujarat Urja Vikas Nigam, SJVN).
- The Launch Timeline: Planned for launch around the end of FY2027–2028.
- Prior Financing: KPI Green previously tapped debt markets to raise 6.7 billion rupees via green bonds, backed by a 65% guarantee from GuarantCo.
Market & Structural Context:
- The InvIT Mechanism: InvITs operate like mutual funds for infrastructure, holding revenue-generating assets and distributing the bulk of cash flows to unit holders as dividends.
- India’s InvIT Market: As of March 2026, India has 28 registered InvITs managing over 7 trillion rupees in assets, with a total market capitalization of 2.60 trillion rupees.
- Strategic Goal: The Gujarat-based firm is utilizing this vehicle to scale up capital as India races toward its national target of 500 GW of clean energy capacity by 2030.