Project Kanishk
Standalone battery energy storage portfolio · Gujarat, India
100% equity on offer in two contracted SPVs
Two special purpose vehicles holding signed, long-tenure battery energy storage purchase agreements with government-owned offtakers, together with secured land and grid connectivity. Both assets are under construction and scheduled for commissioning within calendar 2026. The vehicles are wholly owned subsidiaries of an established Indian renewable energy developer and EPC group holding an investment-grade domestic credit rating.
The mandate is open to financial investors, infrastructure funds and strategic acquirers seeking contracted, availability-linked storage exposure in India.
Why it may be of interest
- Availability-linked revenue under twelve-year agreements with state and central government-owned counterparties - no merchant price exposure.
- Viability gap funding equal to roughly a fifth of combined project cost, awarded under competitively bid central and state storage programmes.
- Interconnection secured, with both sites at or immediately adjacent to their connecting substations.
- Commissioning inside calendar 2026, which compresses the construction-risk window for an incoming investor.
- LFP chemistry to tier-1 specification, with IEC 62619, UL 9540A and UL 1973 compliance and a minimum twelve-year design life from commissioning.
Released under NDA
- Sponsor and SPV identities
- Investment teaser and information memorandum
- Financial model and contracted tariff
- Letters of award and executed BESPAs
- Land, connectivity and consent records
- Technical due-diligence pack
Access is granted to institutional counterparties following a short qualification call.