The Asian Infrastructure Investment Bank (AIIB) has infused INR 4.86 billion (about USD 58.4 million) into Sustainable Energy Infra Trust (SEIT), India’s largest Renewable Energy Infrastructure Investment Trust (InvIT). SEIT, supported by Mahindra Susten Private Limited and Ontario Teachers’ Pension Plan, boasts eight operational solar power assets with a combined capacity of 1.54 gigawatts-peak spread across India. This marks AIIB’s second foray into InvITs in India, emphasizing its commitment to innovative infrastructure financing solutions.
AIIB Director General Dongik Lee emphasized the bank’s commitment to green infrastructure and mobilizing private capital to support member countries’ Net Zero targets. The collaboration aims to facilitate private sector participation in financing renewable energy growth, addressing the increasing power demand in emerging markets.
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