Copenhagen Infrastructure Partners (CIP), via its Growth Markets Funds, has appointed POWERCON, a full-spectrum renewable energy asset management firm, to exclusively oversee its 300 MW wind project in Karnataka, the company announced on Thursday.
It is the first instance in India where an independent firm has been given full-scope management of assets of a renewable project and this indicates a paradigm shift in managing the assets in the country.
POWERCON claimed that this collaboration highlights the emerging importance of independent asset managers in providing domain expertise, operational excellence, and strategic value to investors—guaranteeing high returns and operational impact in decarbonization.
“While the Wind Turbine Generator (WTG) Original Equipment Manufacturer (OEM) deploys technology, POWERCON provides end‑to‑end management across operational, corporate, and financial domains,” the company stated.
Within its scope
POWERCON will govern the performance of WTGs and Balance of Plant (BOP) operations, interact with stakeholders, interface with utilities and regulators, and optimize real-time strategies of power off-take, all with a strict set of standards by CIP in the area of Health, Safety, Security and Environment (HSSE), Environmental, social and Governance (ESG) and cybersecurity.
Peter Jannik Sjonloft, partner at Copenhagen Infrastructure Partners, remarked, “India is one of the world’s most important and dynamic renewable energy markets, and we collaborate with entities who share our vision of long‑term value creation, strong investor returns, and meaningful contributions to the global energy transition. POWERCON’s domain expertise, OEM-neutral approach, and skilled team make them the ideal partner for CIP to maximize the performance and value of our investments in India.”
Praveen Kakulte, founder and CEO of The POWERCON Group, said, “Here, our mission is to unlock the full potential of renewable energy assets. With OEM-neutral expertise and a global footprint spanning 2.5 GW in India and 40 GW remotely worldwide, we transform every installed megawatt into greater clean energy output. Being entrusted by CIP affirms our capabilities and reinforces our shared commitment to accelerating the world’s transition towards a more sustainable and energy-secure future.”
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