 "Sanjay Grewal")
Global investment firm KKR on Thursday announced the launch of a new platform, Virescent Infrastructure, to acquire renewable energy assets in India. Virescent, headed by Sanjay Grewal as chief executive officer, is headquartered in Mumbai.
Virescent would manage renewable energy assets and KKR’s Infrastructure Fund would make the investments. The platform has been created for the Indian market. “We would expand the portfolio by investing in operational renewable energy assets in India,” said Grewal.
KKR globally has 10,000 MW of renewable energy portfolio. Virescent would identify investment opportunities that have stable cash flows from long-term contracts with state and central government
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