{"id":438927,"date":"2021-09-29T08:21:07","date_gmt":"2021-09-29T02:51:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438927"},"modified":"2021-09-29T08:38:23","modified_gmt":"2021-09-29T03:08:23","slug":"kkr-backed-firm-raises-rs-460-crore-in-indias-first-renewable-invit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kkr-backed-firm-raises-rs-460-crore-in-indias-first-renewable-invit\/","title":{"rendered":"KKR-backed firm raises Rs 460 crore in India&#8217;s first renewable InvIT"},"content":{"rendered":"<p>India\u2019s first and only renewable energy InvIT (Infrastructure Investment Trust) Virescent Renewable Energy Trust (VRET) has raised Rs 460 crore from foreign and domestic investors in its first round of funding.<\/p>\n<p>VRET was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR.<\/p>\n<p>\u201cWe look forward to drawing on the global investment management expertise of our investors as we continue to acquire high-quality assets for achieving our initial growth targets. Our endeavour is to support the government in achieving its medium- and long-term renewable energy objectives of 175 GW and 450 GW, respectively,\u201d Sanjay Grewal, CEO, Virescent Infrastructure, said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s first and only renewable energy InvIT (Infrastructure Investment Trust) Virescent Renewable Energy Trust (VRET) has raised Rs 460 crore from foreign and domestic investors in its first round of funding. VRET was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR. \u201cWe look forward to drawing on the global investment management expertise of our investors as we continue to acquire high-quality assets for achieving our initial growth targets. Our endeavour is to support the government in achieving its medium- and long-term renewable energy objectives of 175 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-438927","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438927"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438927\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}