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Dutch pension fund APG eyes Tata Power’s RE InvIT

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Tata Power’s renewable energy infrastructure investment trust (InvIT), said two people, requesting anonymity.Citibank was given the mandate to find an investor for the InvIT, which will house 3-giagwatt (GW) of renewable energy projects, besides ₹10,000 crore- ₹12,000 crore of debt.InvITs manage income-generating infrastructure assets, typically offering regular yield to investors and a liquid way to invest in infrastructure projects.Others expressing interest in the proposed InvIT include private equity firm Actis Llp, Ontario Municipal Employees’ Retirement System (OMERS), Canada Pension Plan investment Board (CPPIB), and Caisse de dépôt et placement du Québec (CDPQ).The development comes amid renewed interests in India’ green energy.

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