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Accelerating India’s Renewable Energy Transition Through Capital Recycling

India’s renewable energy expansion requires faster capital deployment to meet its 2030 capacity targets. Capital recycling through Infrastructure Investment Trusts (InvITs) can unlock value from mature operational assets, enabling developers to reinvest in new projects while offering institutional investors stable, long-term returns. A deeper secondary market, supported by standardised asset data and transparent valuations, will ...

India’s renewable energy expansion requires faster capital deployment to meet its 2030 capacity targets. Capital recycling through Infrastructure Investment Trusts (InvITs) can unlock value from mature operational assets, enabling developers to reinvest in new projects while offering institutional investors stable, long-term returns. A deeper secondary market, supported by standardised asset data and transparent valuations, will be key to accelerating investment and sustaining India’s energy transition.
Rajeev Vijay

Rajeev Vijay

Executive Director - Government and Infrastructure Advisory, Knight Frank India

Rajeev has over 30 years of extensive experience in providing consulting in India and UK across multiple infrastructure sectors - roads, rail, metro, airports, industrial areas/zones, special economic zones, logistic parks and small to large scale urban developments, in large global consulting firms. His overall experience has spanned from technical planning and engineering to viability studies, strategic and business consulting and project implementation. In recent years, he has been leveraging the synergy of real estate and infrastructure in making both infrastructure and real estate projects viable. He has worked across the project life cycle from visioning, planning and design, project structuring to implementation of projects. Notable works include – DMIC Smart cities at Aurangabad and Dholera, Multimodal logistics parks and Wayside amenities for NHAI, master planning and design of several private sector mixed use and industrial townships, advisory/ duediligence services on more than 100 toll road PPPs and Noida International, Bangalore and Hyderabad airports, the World Bank State Highways Improvement Program and transport modelling works in UK. In his current role in Knight Frank, he leads a multidisciplinary team of urban planners, transport planners, infrastructure engineers, financial modellers and transaction advisors. His recent interests include work on several new initiatives of government – Program Management for New Capital City at Amaravati (AP), Master planning for an international airport, Ropeways under Parvatmala program, MMLPs under PM Gatishakti program, Wayside amenities under Bharatmala program, Property Development and Non-farebox revenues for Transit lines such as for NCRTC, Asset monetization programs led by RLDA, IRCON, CWC, DIPAM/DPE, NBCC, HSIIDC, HSVP and Due-diligence services for toll roads, EV buses and non-renewable energy sources. Having worked across initially on planning, design and implementation of projects to now on revenues, business plans, financial models and project structuring, he actively contributes to the clients on project development strategies and its implementation. As a project director/ manager he has worked on several projects outside India for cumulative more than 3 years in UK, Bahrain, Kuwait, Sri Lanka, and Bhutan. His past roles include Director – Urban Programs with CH2M/Regional Director Consulting with Halcrow (now Jacobs) and prior to this he was associated with Scott Wilson and Consulting Engineering Services, Delhi in various leadership capacities.
Shilpashree Venkatesh

Shilpashree Venkatesh

Vice President - Research, Knight Frank India

With 10+ years of experience across economics, infrastructure research and policy, Shilpashree brings a strong understanding of India’s infrastructure landscape, with expertise spanning transport, infrastructure finance, urban development and emerging infrastructure sectors. She has been working with Knight Frank for about 5 years and leads the infrastructure research vertical, driving research and thought leadership across key infrastructure sectors. Over the course of her career, she has worked extensively on infrastructure-led economic development, developing research that connects policy, investment and market outcomes. Her work has covered sectors including roads, airports, logistics, renewable energy, data centres and urban infrastructure, with a focus on identifying investment opportunities and policy interventions. She regularly engages with industry stakeholders, government bodies, industry associations and institutional platforms, contributing to discussions on infrastructure development, investment and policy. Her research and insights have also supported industry advocacy and thought leadership initiatives across the infrastructure and real estate sectors. An economist by training, Shilpashree combines economic analysis with sector-specific infrastructure research to provide data-driven perspectives on India’s evolving infrastructure ecosystem and its role in supporting long-term economic growth.