A major British investment firm is providing $75 million to support the construction of new solar and wind power projects in India, reports Entrepreneur India.
The funding, from the UK’s development finance institution British International Investment (BII), will go to Blueleaf Energy, a Singapore-based company that develops renewable power sources across Asia.
The investment is expected to help build a series of projects that will add a significant amount of clean electricity to India’s grid—enough to power millions of homes. These new facilities will include a mix of solar power, wind power, and large-scale batteries to store the energy.
A representative for BII highlighted the broader goal, stating, “This investment is a key part of our pledge to direct $1 billion toward climate-focused projects in India. We are committed to backing businesses that are accelerating the country’s shift to cleaner energy sources.”
Blueleaf Energy develops, finances, and operates large renewable energy projects. This new capital will enable it to significantly expand its operations and contribute to India’s national target of massively increasing its clean power capacity by 2030.
