New Delhi, 23 December (Udaipur Kiran) – ReNew Power Infra Limited announced on Tuesday that AP Moller Capital’s Emerging Markets Infrastructure Fund II (EMIF II Holding) will invest up to ₹1,350 crore in the company’s renewable energy projects. This investment will be made through project-specific special purpose vehicles (SPVs).
The company stated that this capital infusion will lead to a total project expenditure of at least ₹5,200 crore. The investment is expected to significantly scale up operations, provide clear long-term revenue visibility, and open opportunities for further collaborations. This marks AP Moller Capital’s first investment in India, highlighting the country’s growing status as a global hub for renewable energy and increased confidence in its long-term economic fundamentals.
Ketan Mehta, CEO and Managing Director of ReNew Power Infra, described the partnership with AP Moller Capital as a major milestone. He said the collaboration strengthens the company’s vision to develop renewable energy infrastructure at a large scale. Mehta emphasized that the investment showcases the strength of ReNew Power Infra’s development platform and enhances its ability to rapidly deliver large solar assets across India.
Kim Faesfer, Managing Partner and CEO of AP Moller Capital, expressed enthusiasm about entering India’s renewable energy market with this significant initial investment. He noted that India’s energy transition presents one of the world’s most attractive long-term infrastructure opportunities, driven by strong policy support and a solid market foundation. Faesfer added that AP Moller Group’s decades of experience in India, along with AP Moller Capital’s expertise in critical infrastructure businesses, position them well to support India’s fast-maturing renewable energy sector at scale.
ReNew Power Infra further detailed that AP Moller Capital benefits from the AP Moller Group’s 120-plus years of industrial heritage and a hands-on value creation culture. The group has a strong track record in investing and expanding renewable energy businesses in Southeast Asia and Africa, covering solar, wind, hybrid power, grid solutions, and energy efficiency assets. So far, AP Moller Capital has supported the development of over 2 GW of renewable and transition-related capacity. The AP Moller Group has also been active in India for more than 30 years through its logistics and service businesses, providing a robust foundation for commercial, operational, and stakeholder relations in the country.
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(Udaipur Kiran)
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.