Virescent Infrastructure floats first solar InvIT

KKR backed-Virescent Infrastructure has floated a infrastructure investment trust (InvIT) in the green power space and sought the approval for the Securities Exchange of India.

The company is in the process of acquiring a portfolio of operational solar assets of close to 76 MW at different locations including Patan (Gujarat), Jodhpur (Rajasthan) and Mohaba (Uttar Pradesh). These assets would be vested in the InvIT. The InvIT aims to achieve approximately 1.5 GW of assets in the next two to three years.