In a major push toward India’s renewable energy transition, British International Investment (BII) has announced a $75 million investment in Blueleaf Energy, a pan-Asian renewable energy platform owned by a Macquarie Asset Management fund. The investment aims to scale India’s clean energy infrastructure and accelerate progress toward the country’s 500 GW non-fossil fuel capacity target by 2030.
Powering India’s Green Future
The funding will support Blueleaf Energy’s expansion and development of renewable assets, targeting nearly 2 GW of clean energy capacity across solar, wind, and storage projects. These assets are expected to generate over 3.5 GWh of clean power annually, significantly reducing carbon emissions while supporting India’s growing energy demands.
“This financing represents a strong vote of confidence in Blueleaf’s strategy and execution capabilities,” said Raghuram Natarajan, CEO of Blueleaf Energy. “Our partnership with BII reinforces our shared mission to accelerate clean energy deployment across India and beyond.”
Driving Sustainable Growth Across Asia
Blueleaf Energy, an independent power producer, operates across Southeast Asia, India, Taiwan, and Japan, with a project pipeline exceeding 4.5 GWh of assets and 3 GWh of storage capacity.
For BII, this investment aligns with its pledge to commit up to $1 billion in climate finance in India between 2022–2026. The organization—fully owned by the UK’s Foreign, Commonwealth and Development Office (FCDO)—has already invested $2.5 billion across 600 Indian businesses, making India its largest investment destination globally.
A Partnership for Sustainable Progress
This collaboration highlights the growing synergy between international investors and India’s renewable energy vision, reinforcing the country’s role as a global leader in sustainable infrastructure.
