![]() There are several green energy deals in play. Actis, which invests only in emerging markets, has so far committed $2.1 billion for the Indian market and now has its third clean energy firm BluPine Energy in the space after selling Sprng Energy and Ostro Energy to Shell Plc and ReNew Power Ventures Pvt. NIIF has backed Ayana Renewable Power, which has around 5GW portfolio and plans to build a 10GW portfolio by 2025. It manages over $4.3 billion of equity capital commitments across its three funds-Master Fund, Fund of Funds, and Strategic Opportunities Fund. It primarily focuses on investing in core infrastructure sectors, such as transportation, energy and digital. NIIF is sponsored and anchored by the Government of India, which holds a 49% interest in it. Queries emailed to an NIIF spokesperson on 29 August remained unanswered till press time. Spokespeople for Macquarie Group, Actis and JP Morgan declined to comment. India has an installed renewable energy capacity of 172GW, with an additional 128GW either under development or have been bid out. India recently set a new record, with power demand reaching 239.9GW, exceeding India’s power sector planning body, the Central Electricity Authority’s (CEA) projections of 230GW. India’s green energy space has witnessed tremendous interest, given the country’s ever-increasing demand for power. ![]() ![]() C&I projects are shielded from power procurement curtailment risks by state-run power distributors. Interest in the C&I space has gained momentum recently, with companies setting ambitious targets to transition to green energy and net zero emissions. India’s C&I energy sector has garnered significant investor attention, driven by the nation’s projected shift towards green energy and rules permitting large power consumers to procure energy from the open market rather than the more costly grid.
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