Green Infra

About Green Infra

Green Infra Limited, now operating as Sembcorp Green Infra Limited, was established in April 2008 as an independent power producer with a clear focus on the clean energy sector in India. The company was incubated by IDFC Private Equity funds and from its inception, aimed to invest in, develop, and operate a portfolio of clean energy assets, primarily focusing on wind and solar power.

A significant turning point in the company's history occurred in February 2015, when Singapore-based Sembcorp Industries acquired a 60% majority stake for approximately S$227 million, marking Sembcorp's strategic entry into India's renewable energy market. This partnership provided Green Infra with a larger platform to accelerate its growth. Subsequently, in August 2017, Sembcorp acquired the remaining stake from IDFC Private Equity Fund III, making Green Infra a wholly-owned subsidiary and reinforcing its commitment to the Indian market. This full ownership allowed Sembcorp to drive the company's growth as the sole owner.

The company's business model is centered on being an Independent Power Producer (IPP), generating electricity from renewable sources and selling it under long-term power purchase agreements (PPAs). Its client base includes state electricity boards and commercial and industrial (C&I) customers. By developing, owning, and operating wind and solar farms across multiple states in India—including Tamil Nadu, Karnataka, Maharashtra, and Rajasthan—the company generates revenue through the sale of the clean energy produced. The projects operate on a build-own-operate (BOO) model, often secured through competitive bidding processes, with PPAs typically lasting 25 years.

Sembcorp Green Infra's portfolio consists of a diverse mix of wind and solar energy assets. The company has a track record of executing projects, including commissioning one of India's first Solar Energy Corporation of India (SECI) auctioned wind projects in 2018. Its operational capacity is spread across numerous states and has grown through both organic development and strategic acquisitions, such as the purchase of wind assets from BP Energy in 2009, TVS Energy in 2013, and Leap Green Energy in 2024. This positions the firm as one of the larger renewable power producers in India, with a substantial portfolio of operational and under-development projects contributing to the nation's energy transition.