Armed with an initial corpus of $600 million (~₹41.6 billion), the newly-formed Infrastructure Investment Trust (InvIT) would seek to acquire between 1.5-2 GW of stable and cash generating renewables assets comprising both wind and solar in India. The Canada Pension Plan Investment Board (CPPIB) has inked a memorandum of understanding (MoU) with Piramal Enterprises Limited (PEL) to form this renewable energy-focused infrastructure trust.