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Market Chatter: KPI Green Energy Targets $1 Billion Fundraising via Infrastructure Trust

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India-based KPI Green Energy intends to raise up to $1 billion by launching a renewable-asset-backed infrastructure investment trust, Reuters reported Tuesday, citing a company executive.

The move is expected to help the renewable energy company, based in Gujarat state, broaden its capital base at a time when the country is eyeing 500 gigawatts of clean energy capacity by the end of 2030.

The trust is likely to launch around the end of FY27-28, with plans to initially raise between 80 billion Indian rupees ($838.16 million) and 100 billion Indian rupees, according to Faruk Patel, chairman and managing director of the parent company, KP Group.

The infrastructure investment trust is expected to hold operational solar, wind, and hybrid power assets of up to 1.5 GW to 2 GW capacity, including projects backed by long-term power supply agreements with state-backed utilities, the report said.

KP Group did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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