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KKR-backed firm raises Rs 460 crore in India's first renewable InvIT

Virescent Renewable Energy Trust was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR

Sanjay Grewal
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Sanjay Grewal, CEO, Virescent Infrastructure

Shreya Jai New Delhi
India’s first and only renewable energy InvIT (Infrastructure Investment Trust) Virescent Renewable Energy Trust (VRET) has raised Rs 460 crore from foreign and domestic investors in its first round of funding.
 
VRET was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR.
 
“We look forward to drawing on the global investment management expertise of our investors as we continue to acquire high-quality assets for achieving our initial growth targets. Our endeavour is to support the government in achieving its medium- and long-term renewable energy objectives

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First Published: Sep 28 2021 | 11:21 PM IST

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