Denmark-based Copenhagen Infrastructure Partners (CIP) has taken a final investment decision on a 300 MW onshore wind project being built jointly with Indian developer and balance-of-plant service provider Viviid Renewables in Hatalageri, Gadag district, Karnataka.

This final investment decision was taken through CIP’s Growth Markets Fund I (CI GMF I).

CIP also signed equipment orders for the full project capacity, while Viviid, which holds a minority ownership position in the project, will provide balance-of-plant works and services.

Construction of the project is expected to be completed by the end of 2025.

In January 2023, the two companies entered into a framework agreement to develop at least 1.8 GW of renewable energy projects in India. This is the first project being constructed as part of the agreement. Further project developments already initiated by the companies will materialize through CI GMF I’s successor fund, CI GMF II.

The project is part of the commitment made by the two companies in 2023 to develop more than 1.8 GW of greenfield renewable energy projects in India.

“Achieving FID is a significant milestone for CIP and for our partnership with Viviid. It is a testament to our industrial approach and ability to deliver large-scale renewable energy projects with highly competent partners,” said Peter Sjøntoft, associate partner at CIP.

Since it entered the Indian market in 2021, CIP has forged partnerships with AmpIn Energy Transition and Viviid with the aim of commissioning several GW-scale renewable energy projects.

“Viviid will leverage its expertise in wind farm development, including balance-of-plant equipment supplies and services. 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,” said Siddharth Mehra, Founder of Viviid Renewables.

Last July, CIP also raised nearly $6.6 billion to channel greenfield investments for large-scale renewable energy projects across North America, Western Europe, and the Asia-Pacific region.