Business
BII and CIP Join Hands for Large-Scale Renewable Investments in India
British International Investment and Copenhagen Infrastructure Partners have launched a 300-million-dollar renewable energy platform named North Star to support India’s clean energy transition. The initiative aims to invest in solar, wind, hybrid, and energy storage projects while helping bridge India’s large climate financing gap and accelerate progress toward its renewable energy and net-zero targets
British International Investment (BII), the United Kingdom’s development finance institution, has partnered with Danish global fund manager Copenhagen Infrastructure Partners (CIP) to launch a 300-million-dollar renewable energy platform aimed at accelerating India’s clean energy transition.
The platform, named North Star, will focus on investments in solar power, wind energy, hybrid renewable projects, and energy storage infrastructure across India.
Under the partnership, BII and CIP, through the Growth Markets Fund II (GMF II), will each commit up to 150 million dollars to the initiative. The project is designed to address the financing gap faced by renewable energy developers while supporting large-scale clean energy deployment in India.
The investment marks the first project under BII’s British Climate Partners (BCP), a climate finance initiative worth 1.1 billion pounds launched last month as part of the institution’s new five-year strategy.
According to officials, North Star is expected to generate more than 4 million megawatt-hours of clean energy annually and help prevent nearly 4 million tonnes of carbon emissions every year.
BII stated that the British Climate Partners initiative aims to mobilise institutional capital into climate-focused projects across rapidly growing and coal-dependent economies in Asia, including India, Indonesia, Vietnam, the Philippines, and other Southeast Asian nations.
India has set ambitious climate goals, including achieving 500 gigawatts of installed renewable energy capacity by 2030 and attaining net-zero carbon emissions by 2070. However, experts estimate that the country faces a climate financing gap of nearly 160 billion US dollars annually until 2030.
Industry observers said the new platform could play a significant role in supporting renewable infrastructure expansion, attracting global investment, and strengthening India’s transition toward sustainable energy systems.
Key Highlights
| Detail | Information |
|---|---|
| Platform Name | North Star |
| Investment Size | USD 300 million |
| Partners | British International Investment & Copenhagen Infrastructure Partners |
| Focus Areas | Solar, wind, hybrid and storage projects |
| Expected Clean Energy Generation | Over 4 million MWh annually |
| Carbon Emission Reduction | Nearly 4 million tonnes annually |
| India Renewable Target | 500 GW by 2030 |
| Net-Zero Goal | By 2070 |