Blueleaf Energy has secured $75 million financing facility from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, to accelerate development of renewable energy projects in India. Today, the parties announced a landmark agreement for the investment and signalled their intent to expand the collaboration across Asia.
The financing facility will support Blueleaf’s continued expansion and investment in renewable energy assets across India, contributing nearly 2 GW of installed clean energy capacity to the nation. This will include utility-scale solar, wind and energy storage projects that are expected to generate annually over 3.2 GWh of clean energy, helping to offset around 3.1 million tonnes of CO2 emissions.
“India’s renewable energy ambition is driving a significant transformation and is both a national priority and a global opportunity. Our partnership with Blueleaf Energy underscores BII’s commitment to accelerating this transition by deploying catalytic capital to scale clean energy. By financing projects that combine scale, innovation, and local execution, we aim to play a leadership role in mobilising private capital into climate finance and fast-tracking India’s decarbonisation journey,” said Shilpa Kumar, managing director and head of India at BII.
“This financing represents a strong vote of confidence in Blueleaf’s strategy, execution capabilities, and long-term commitment to India’s energy transition,” said Raghuram Natarajan, chief executive officer of Blueleaf Energy. “We are pleased to partner with BII, whose long-standing focus on sustainable infrastructure investment aligns closely with our own ambition to accelerate clean energy deployment in India and beyond.”
Blueleaf Energy is a leading pan-Asian renewable energy platform that develops, finances, owns, and operates onshore solar, wind, and storage assets. Owned by a fund managed by Macquarie Asset Management, it currently operates in Southeast Asia, India, Taiwan, and Japan with a project pipeline that includes over 4.5 GW of generation assets and nearly 3 GWh of storage projects.
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