CCI clears BII’s investment in ReNew’s solar manufacturing arm
Author: PPD Team Date: July 7, 2025
The Competition Commission of India (CCI) has approved British International Investment’s (BII) proposed investment in ReNew Photovoltaics Private Limited.
BII will invest through a securities subscription arrangement in ReNew’s solar manufacturing arm, which focuses on producing solar modules and cells in India.
BII has made several climate-focused investments in the country over the past two years.
In May 2025, BII invested $100 million in ReNew Energy Global Plc to support India’s solar manufacturing ecosystem. The funding aims to enhance domestic production capacity and accelerate progress toward national renewable energy targets.
In 2024, BII committed $19 million to CHARGE ZONE, an electric vehicle charging network, to expand high-speed EV infrastructure across cities and highways.
BII also played a key role in the $2.3 billion sale of Ayana Renewable Power to a joint venture of ONGC and NTPC, marking one of the largest clean energy transactions in India.