Trilegal advised Norfund on its investment in a new platform for power grid development and energy storage in India, alongside IndiGrid and BII

Trilegal advised Norfund (the Norwegian investment fund for developing countries) and KLP (Norway’s largest pension company) on their investment through their joint-venture entity, KNI India AS, in a new platform for power grid development and storage in India in collaboration with IndiGrid Infrastructure Trust and British International Investment PLC.

‘EnerGrid’, this new platform, will bid for and develop greenfield transmission projects and battery energy storage systems in India. IndiGrid, BII, and Norfund, alongside KLP through KNI India AS, have committed an amount of USD 300 million to this new platform. This capital will enable EnerGrid to target projects worth approximately USD 1.2 billion over the next few years.

Previously, Trilegal had advised KNI India AS on its investment in three of IndiGrid’s existing green transmission projects to support the evacuation of ~6 GW of renewable energy in Madhya Pradesh and Maharashtra.

The Trilegal Corporate Team advising on the mandate was led by Partner: Deep Choudhuri; and supported by Senior Associate: Arunima Singal; Associates: Isha Sen, Gauri Jindal, and Haritima Kavia.

The Trilegal Projects Team advising on the mandate was led by Partners: Amar Narula and Megha Kaladharan; and supported by Associates: Yeshwanth Comar, Ujjwal Gupta, and Adi Kidambi.

The Trilegal Real Estate Team advising on the mandate was led by Partner: Rahul Arora; and supported by Counsel: Abhinav Mishra; Associates: Kashish Jaitley, Gaurav Utagikar, and Saraswati Rawandale.

Media link:
Livemint: BII, Norfund, and IndiGrid set up $300M energy infrastructure platform

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.