Mumbai: Sustainable Energy Infra Trust, a renewable energy infrastructure investment trust (InvIT) backed by Mahindra group, is raising Rs 2,500 crore in a round led by Asian Infrastructure Investment Bank (AIIB) with participation from domestic institutional investors (DIIs), people aware of the development said.
ET had first reported on August 22 that AIIB, Dutch pension fund APG Asset Management, and World Bank arm International Finance Corp were in separate talks to invest capital in the Mahindra Susten and Canadian pension fund Ontario Teachers’ Pension Plan (OTPP)-sponsored InvIT. Sustainable Energy Infra will house 1.54 gigawatts (GW) of solar assets.
