GIP’ Vector Green Energy plans to raise Rs1237 crore through a green bond

NEW DELHI : US-based Global Infrastructure Partners’ (GIP) Indian green energy platform, Vector Green Energy plans to raise Rs1237 crore through a green bond in the Indian capital market.

“CRISIL Ratings has assigned its ‘Provisional CRISIL AAA/Stable’ ratings to the ₹581 crore non-convertible debentures (NCDs) of Yarrow Infrastructure Pvt Ltd (YIPL) which is part of Vector Green Restricted Group (VGRG) of six special purpose vehicles (SPVs),” the rating agency said in a statement on Wednesday.

“The total aggregate amount of these NCDs of VGRG is ₹1,237 crore,” the statement added.

GIP is an infrastructure-focused global private equity player and manages $70 billion of assets including 15GW of renewable projects.