IndiGrid, BII, and Norfund completed the formation of EnerGrid in a $300m round.

IndiGrid, India’s first and largest listed power sector infrastructure investment trust, British International Investment, the UK’s development finance institution, and Norfund, the Norwegian Investment Fund for developing countries, have completed the formation of EnerGrid, a platform aimed at investing in greenfield transmission and standalone Battery Energy Storage System projects in India, in a $300m round. "This partnership is an example of our commitment to mobilizing capital for energy transition," Tellef Thorleifsson, Norfund CEO.