BII commits USD 75 million to Blueleaf Energy for renewable expansion in India

British International Investment (BII) is deepening its presence in India’s renewable energy sector through a series of strategic investments spanning generation, transmission, and manufacturing.

In its latest move, BII has committed a USD 75 million financing facility to Blueleaf Energy to support the development of large-scale solar, wind, and battery storage projects. The initiative is expected to add nearly 2 GW of clean energy capacity and generate more than 3.2 GWh of renewable power annually.

Earlier in October, BII partnered with IndiGrid and Norfund to launch Enerica Regrid Infra Private Limited (EnerGrid), which plans to raise between USD 450 million and USD 500 million to expand its greenfield transmission and standalone battery energy storage system (BESS) portfolio. The platform will focus on bidding and project development across India’s growing grid and storage segments.

BII has also made inroads into solar manufacturing. In May 2025, it invested Rs 8.7 billion in ReNew Energy Global’s subsidiary, ReNew Photovoltaics Private Limited, marking its first investment in India’s solar manufacturing sector through a minority stake acquisition. The Competition Commission of India (CCI) approved the transaction in July 2025.

Together, these investments highlight BII’s long-term strategy to support India’s clean energy transition through capital deployment in renewable generation, transmission infrastructure, and domestic manufacturing.