UK’s BII Commits USD 75 Million to Support Blueleaf Energy’s Renewable Expansion in India

The United Kingdom’s development finance institution, British International Investment (BII), has announced an investment of USD 75 million to support Blueleaf Energy’s renewable energy expansion in India, strengthening the country’s growing clean-energy landscape and contributing to its ambitious 2030 climate goals.

The investment will help Blueleaf Energy, a renewable energy platform owned by a fund managed by Macquarie Asset Management, accelerate the development of utility-scale solar, wind, and energy storage projects across India. With this funding, the company aims to deliver over 3.2 gigawatt-hours (GWh) of clean-energy generation annually, contributing significantly to India’s transition toward low-carbon growth.

India, one of the world’s largest renewable-energy producers, has set an ambitious target of achieving 500 gigawatts (GW) of non-fossil fuel capacity by 2030. The country continues to attract strong international interest, with investors viewing it as a key hub for energy transition financing and green infrastructure development.

Blueleaf Energy, which operates across India, Southeast Asia, Taiwan, and Japan, currently has a project pipeline exceeding 4.5 GW of generation assets and nearly 3 GWh of energy-storage projects. The partnership with BII is expected to deepen its presence in India’s renewable-energy sector, enhancing project execution and scaling capabilities.

For BII, the investment aligns with its broader mission to support sustainable and inclusive growth in emerging markets. The institution has already committed more than USD 95 million this year toward climate-focused investments across Asia, including co-investments in large-scale renewable-energy platforms and early-stage clean-energy ventures.

A BII spokesperson stated that India remains one of the most promising destinations for climate-smart investment, offering both scale and policy stability. “Our partnership with Blueleaf Energy reinforces our confidence in India’s renewable-energy sector and supports global efforts to drive affordable and sustainable energy access,” the official noted.

The funding will be deployed to develop, construct, and operate a mix of solar, wind, and hybrid energy projects, along with battery storage systems that enhance grid stability and renewable integration. Experts suggest that such investments are critical to addressing India’s rising power demand and reducing dependence on fossil fuels.

Industry analysts also see this collaboration as a strong signal of the growing role that development finance institutions (DFIs) are playing in bridging the capital gap for clean-energy infrastructure in emerging economies. With global momentum shifting toward decarbonization, India’s renewable-energy ecosystem continues to evolve as a preferred investment destination.

By supporting Blueleaf’s India expansion, BII is not only boosting renewable capacity but also strengthening technological innovation, local employment, and sustainability linkages within the energy value chain.

If implemented as planned, the partnership could serve as a model for other DFIs and global investors seeking impactful participation in India’s green-growth story bringing the country closer to its vision of becoming a global clean-energy powerhouse by 2030.