IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have launched EnerGrid, a $300 million platform for developing greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, enabling EnerGrid to target projects valued at approximately $1.2 billion over the next several years. Upon starting commercial operations, IndiGrid will acquire these projects at a pre-agreed enterprise value.
