Mumbai : Copenhagen Infrastructure Partners (CIP) has appointed POWERCON, a comprehensive renewable energy asset management company, to singularly manage its 300 MW wind energy project in Karnataka, India. This appointment marks the first instance in India where full-scope Asset Management has been entrusted to an independent firm, signalling a transformative shift in the governance of renewable energy assets in the country.
The partnership highlights the distinct significance of Independent Asset Managers in delivering domain expertise, operational excellence, and strategic value to the Investors for securing strong returns and measurable impact on decarbonization. While Envision, the Wind Turbine Generator (WTG) OEM deploys technology, POWERCON provides an end-to-end management across operational, corporate, and financial domains. Its responsibilities include performance governance of WTGs and Balance of Plant (BOP) operations, stakeholder engagement, utility and regulators interface, real-time power off-take strategy management, while strictly adhering to CIP’s HSSE, ESG and Cybersecurity standards.
At the corporate and financial level, POWERCON manages service providers, insurance, budgeting, reporting, accounting, payments, collections, settlements, treasury, and tax compliance. By integrating these functions under a singular framework, every aspect of the asset lifecycle, from daily operations to strategic governance, is optimised for performance, transparency, and long-term value creation for CIP. This multi-disciplinary approach of CIP goes beyond the traditional operations method, allowing them to focus on renewable energy development and capital allocation while securing maximum yield over asset lifetime.
Peter Jannik Sjonloft, Partner at Copenhagen Infrastructure Partners said, “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 of 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 maximise the performance and value of our investments in India.”
Praveen Kakulte, Founder and CEO of The POWERCON Group, added, “At POWERCON, 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.”
