Acquisitions10 Feb 2026, 06:02 pm
IndiGrid Infrastructure Trust to Acquire 125 MW/500 MWh Standalone Battery Energy Storage Systems in Uttar Pradesh
AI Summary
IndiGrid Infrastructure Trust has executed a definitive agreement for the acquisition of a Battery Energy Storage System (BESS) project from Enerica ReGrid Infra Private Limited. The project, which has a capacity of 125 MW/500 MWh, is located in Uttar Pradesh and is expected to have an annual revenue of approximately INR 1,100 million (excluding VGF) with a concession tenure of 15 years post COD. The acquisition is in line with IndiGrid’s investment strategy as provided in the Trust Deed, focusing on ensuring stable distribution to unitholders by owning assets with long term annuity contracts.
Key Highlights
- IndiGrid Infrastructure Trust to acquire 125 MW/500 MWh Standalone Battery Energy Storage Systems in Uttar Pradesh
- Acquisition from Enerica ReGrid Infra Private Limited
- Project to have an annual revenue of approximately INR 1,100 million (excluding VGF) with a concession tenure of 15 years post COD
- In line with IndiGrid’s investment strategy as provided in the Trust Deed
- Acquisition price not exceeding INR 9,570 million excluding the shares