AP Moller Capital, Rays Power form 900 MW India Renewables JV
POWER & RENEWABLE ENERGY

AP Moller Capital, Rays Power form 900 MW India Renewables JV

AP Moller Capital has entered the Indian market through a strategic joint venture with Rays Power Infra to develop large-scale renewable energy projects with a planned capacity of around 900 MW. The investment is being made via the Emerging Markets Infrastructure Fund II and marks AP Moller Capital Funds’ first foray into India.

The partnership will focus on building and operating renewable energy assets across the country, tapping into India’s rapidly expanding clean energy sector. The initial phase of development is already underway, with multiple projects in the pipeline that are expected to collectively reach approximately 900 MW of capacity once completed.

This move underscores India’s growing importance as a global renewable energy hub and reflects AP Moller Capital’s confidence in the country’s long-term economic and infrastructure growth prospects. The firm brings significant experience to the venture, having invested in and supported the development of more than 2 GW of renewable energy capacity across Southeast Asia and Africa.

The joint venture also builds on the broader AP Moller Group’s longstanding presence in India, where it has been active for over three decades across various business verticals. By combining AP Moller Capital’s global infrastructure investment expertise with Rays Power Infra’s on-ground execution capabilities, the partners aim to scale projects efficiently and contribute meaningfully to India’s clean energy transition.

Commenting on the development, Kim Fejfer, Managing Partner and CEO, AP Moller Capital, said, “Building on the AP Moller Group’s decades of engagement in India and AP Moller Capital’s experience in developing and scaling critical infrastructure businesses, we are well positioned to execute at scale in support of India’s rapidly maturing renewable energy market.”

The transaction is expected to close in the first half of 2026.

AP Moller Capital has entered the Indian market through a strategic joint venture with Rays Power Infra to develop large-scale renewable energy projects with a planned capacity of around 900 MW. The investment is being made via the Emerging Markets Infrastructure Fund II and marks AP Moller Capital Funds’ first foray into India.The partnership will focus on building and operating renewable energy assets across the country, tapping into India’s rapidly expanding clean energy sector. The initial phase of development is already underway, with multiple projects in the pipeline that are expected to collectively reach approximately 900 MW of capacity once completed.This move underscores India’s growing importance as a global renewable energy hub and reflects AP Moller Capital’s confidence in the country’s long-term economic and infrastructure growth prospects. The firm brings significant experience to the venture, having invested in and supported the development of more than 2 GW of renewable energy capacity across Southeast Asia and Africa.The joint venture also builds on the broader AP Moller Group’s longstanding presence in India, where it has been active for over three decades across various business verticals. By combining AP Moller Capital’s global infrastructure investment expertise with Rays Power Infra’s on-ground execution capabilities, the partners aim to scale projects efficiently and contribute meaningfully to India’s clean energy transition.Commenting on the development, Kim Fejfer, Managing Partner and CEO, AP Moller Capital, said, “Building on the AP Moller Group’s decades of engagement in India and AP Moller Capital’s experience in developing and scaling critical infrastructure businesses, we are well positioned to execute at scale in support of India’s rapidly maturing renewable energy market.”The transaction is expected to close in the first half of 2026.

Related Stories

Gold Stories

Next Story
Equipment

BEML Wins GeM Award for Highest MSE Order Value

BEML Limited has received the “Maximum Order Value to MSEs” award at the 10th Foundation Day celebrations of the Government e-Marketplace (GeM) held at Bharat Mandapam, New Delhi.Union Minister of Commerce and Industry Piyush Goyal presented the award, which was received on behalf of BEML by Anil Jerath, Director (Finance).The recognition acknowledges BEML's efforts to strengthen procurement from Micro and Small Enterprises (MSEs) through the GeM platform.BEML said its procurement initiatives are aimed at encouraging greater participation of MSEs in public procurement and supporting the gr..

Next Story
Equipment

BKT to Showcase Advanced Off-Highway Tyres at Bauma ConExpo

Balkrishna Industries Ltd (BKT) will showcase its latest off-highway tyre solutions at Bauma ConExpo India 2026, scheduled from September 15-18 at the India Expo Centre, Greater Noida.The company will display a range of application-specific tyres for construction, mining and industrial operations at Hall 12, Booth No. 1. Key products will include the EARTHMAX SR 30 for loaders and articulated dump trucks and the AIROMAX AM 27 for mobile cranes.BKT will also showcase MINE FORCE, EARTHMAX EXPERTO GD1, XL GRIP NEO, DYNA HAUL, CONSTEER and EARTHMAX SR423. The tyres are designed to operate under he..

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement