In Short : With the acquisition of SolarArise India Projects Pvt. Ltd. for an enterprise value of ₹1,400 crore, Neo Infra Income Opportunities Fund (NIIOF), the infrastructure fund of Neo Group, made its first foray into the renewable energy industry. 433.5 MWp of operational solar assets located in Telangana, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra are part of the transaction.
Supporting Portfolio Growth and Strategic Expansion
This transaction greatly strengthens NIIOF’s infrastructure holdings, which is consistent with its goal of providing steady, long-term returns via superior assets. The fund’s emphasis on reliable infrastructure investment is strengthened by the steady revenue flow stream that the solar farms provide.
Impact and Significance of Clean Energy
Hundreds of thousands of homes and businesses will be able to get the clean power generation they need from SolarArise’s 433.5 MW portfolio. By reducing carbon emissions and bolstering infrastructure resilience, the action speeds up India’s shift to renewable energy.
About the Fund for Neo Infra Income Opportunities
Leading investors Peak XV Partners, MUFG Bank Ltd., and Euclidean Capital LLC support NIIOF, a SEBI-registered Category II Alternative Investment Fund. The fund’s strong capital-raising velocity and dedication to purchasing prestigious running assets are demonstrated by the fact that it closed at ₹2,300 crore in July 2025, exceeding its initial ₹2,000 crore target.
