Gujarat-based developer looks to monetise operational assets and deepen investor base.

KPI Green Plans $1 Billion Renewable InvIT to Scale Clean Energy Portfolio.

India’s KPI Green Energy is planning to launch a renewable energy–backed infrastructure investment trust (InvIT) to raise up to $1 billion, as it seeks to expand its capital base amid the country’s clean energy push. Faruk Patel, chairman and managing director of parent KP Group, said the proposed InvIT aims to mobilise ₹80–100 billion and is likely to be launched around the end of FY27–28. The trust will pool 1.5–2 GW of operational solar, wind, and hybrid assets, some of which are tied to long-term power purchase agreements with state-backed utilities such as Gujarat Urja Vikas Nigam and SJVN. KPI Green previously raised ₹6.7 billion via a green bond backed by GuarantCo, part of the Private Infrastructure Development Group. India currently has 28 registered InvITs managing assets worth over ₹7 trillion, according to the Bharat InvITs Association, highlighting growing investor appetite for yield-generating infrastructure.