Credit Agricole CIB finances KKR investment in India’s Nhit

Credit Agricole CIB finances KKR investment in India’s Nhit

Crédit Agricole CIB Supports India’s Renewable Energy and Infrastructure Growth

India’s renewable energy and infrastructure sectors are attracting significant global investment, with Crédit Agricole CIB (CACIB) and private equity firm KKR playing notable roles in advancing the country’s clean energy and transportation goals.

CACIB recently secured a landmark $1 billion project finance facility for ReNew Power’s 400MW hybrid renewable energy project, marking the largest single-project financing in India’s renewable sector. The project combines wind, solar, and battery storage to deliver round-the-clock (RTC) power to the Solar Energy Corporation of India (SECI). This initiative, recognized with awards for innovation in green finance, aligns with India’s target of achieving 50% renewable energy by 2030. CACIB’s involvement underscores its commitment to supporting India’s energy transition, leveraging its expertise in structuring complex transactions and ESG-aligned financing.

Meanwhile, KKR has expanded its infrastructure footprint in India by acquiring Global Infrastructure Partners’ (GIP) stake in Highway Concessions One (HC1), a platform managing 487 kilometers of highways across seven states. This acquisition aligns with India’s push to enhance its national highway network, which currently handles 40% of traffic but constitutes only 2% of the road network. KKR’s investment, sourced from its Asia Pacific Infrastructure Fund, reflects growing confidence in India’s infrastructure sector, where demand for improved connectivity is driven by rapid urbanization and economic growth.

Additionally, KKR-backed Vertis Infrastructure Trust (formerly Highways Infrastructure Trust) is preparing a $568 million initial public offering (IPO) to raise capital for its income-generating highway assets. As an infrastructure investment trust (InvIT), Vertis aims to enhance liquidity and broaden its investor base, a trend gaining traction among India’s 27 InvITs, six of which are publicly listed.

India’s infrastructure and renewable energy markets remain attractive due to ambitious policy targets, declining renewable costs, and robust demand growth. CACIB and KKR’s activities highlight the critical role of international capital in scaling India’s clean energy transition and modernizing its infrastructure.

ReNew Power’s hybrid project details and financing: ReNew Power’s hybrid project details and financing. KKR’s acquisition of HC1 and infrastructure strategy: KKR’s acquisition of HC1 and infrastructure strategy. Vertis Infrastructure Trust’s IPO plans and InvIT trends: Vertis Infrastructure Trust’s IPO plans and InvIT trends.