KKR has launched Virescent Infrastructure, a newly-created platform to acquire renewable energy assets in India.
Virescent aims to expand its portfolio of operational renewable energy assets, facilitated by investments predominantly made through KKR’s infrastructure fund. Virescent will identify investment opportunities that have stable cash flows stemming from long-term contracts with state and central government counterparties across India. It currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu. KKR has also entered into definitive agreements to acquire other operating solar projects across three different states. Once closed, these projects will also become part of the Virescent platform.