Powering the Future: IFC Backs IndiGrid with ₹4.6B for 180 MW Battery Storage Leap

IndiGrid Infrastructure Trust has secured a major boost in its clean energy ambitions, with the International Finance Corporation (IFC) committing ₹4.6 billion in long-term financing to support a landmark 180 MW battery energy storage project. The partnership marks a pivotal moment in India’s grid modernization efforts, as battery storage becomes essential for balancing renewable energy supply and demand.

 

The funding will be deployed toward IndiGrid’s multi-site storage initiative, designed to enhance grid reliability and reduce curtailment of solar and wind power. The project is part of IndiGrid’s broader strategy to expand its 450 MW / 900 MWh battery storage portfolio, which complements its existing 3 GW solar and transmission assets.

 

IFC’s investment comes in the form of listed non-convertible debentures (NCDs) with an 18-year tenure, offering competitive fixed rates. The move is expected to diversify IndiGrid’s capital base and reinforce its commitment to sustainability and governance standards.

 

Key Highlights:

This collaboration not only strengthens IndiGrid’s financial muscle but also signals growing global confidence in India’s energy transition roadmap.

 

Sources: Muthoot Securities, IndiGrid Investor Updates, Energrid Investor Details