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Blueleaf Energy Secures USD 75 Million from BII to Drive 2 GW Renewable Energy Growth in India

Blueleaf Energy, a renewable energy platform owned by Macquarie Asset Management, has secured a USD 75 million financing facility from British International Investment (BII), the UK’s development finance institution, to accelerate its clean energy expansion in India.

The funding will support nearly 2 GW of renewable capacity across solar, wind, and energy storage projects, capable of generating over 3.2 GWh of clean power annually and preventing around 3.1 million tons of CO? emissions.

This partnership will also serve as a cornerstone for Blueleaf Energy’s broader 10 GW expansion target across Asia, fostering long-term cooperation between the UK and India in sustainable energy development.

Raghuram Natarajan, CEO of Blueleaf Energy, said the investment highlights strong confidence in the company’s execution capabilities and commitment to India’s energy transition.

“Our collaboration with BII aligns perfectly with our goal of accelerating clean energy deployment across Asia,” he noted.

Nik Mehta, British High Commissioner to Singapore, emphasized that the initiative demonstrates the UK’s continued support for scalable, climate-focused investments that strengthen India’s renewable sector and drive regional energy resilience.

Srini Nagarajan, Managing Director and Head of Asia at BII, added that the investment reflects BII’s mission to de-risk clean energy projects and mobilize private capital in South and Southeast Asia’s energy transition.