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Blueleaf Energy Secures USD 75 Mn from BII to Accelerate 2 GW Renewable Expansion in India
Blueleaf Energy, a Macquarie Asset Management–owned renewable energy platform, has secured a USD 75 million financing facility from British International Investment (BII) to accelerate its clean energy expansion in India, targeting nearly 2 GW of renewable capacity across solar, wind, and energy storage projects.
October 29, 2025. By Mrinmoy Dey
Blueleaf Energy, a pan-Asian renewable energy platform and independent power producer (IPP) owned by a Macquarie Asset Management-managed fund, has announced that it has secured a USD 75 million financing facility from British International Investment (BII), the UK’s development finance institution (DFI).
The financing facility will support Blueleaf Energy’s continued expansion and investment in renewable energy assets across India, contributing nearly 2 GW of installed clean energy capacity to the nation. This will include utility-scale solar, wind and energy storage projects that could generate annually over 3.2 GWh of clean energy, avoiding approximately 3.1 million tons of CO2 emissions.
The partnership in India will act as a foundation for future collaboration in Southeast Asia, supporting Blueleaf Energy’s target of delivering 10 GW of installed capacity across Asia, the company stated.
Raghuram Natarajan, Chief Executive Officer of Blueleaf Energy, said, “This financing represents a strong vote of confidence in Blueleaf’s strategy, execution capabilities, and long-term commitment to India’s energy transition. We are pleased to partner with BII, whose long-standing focus on sustainable infrastructure investment aligns closely with our own ambition to accelerate clean energy deployment in Asia.”
British High Commissioner to Singapore, Nik Mehta, said, “The UK has long been committed to supporting sustainable development in Asia, and this partnership between British International Investment and Blueleaf Energy is the latest example of that commitment in action. This investment will accelerate India’s renewable energy ambitions while strengthening the foundations for clean energy growth in other markets. It’s exactly the kind of ambitious, scalable climate action we need to achieve our shared climate goals.”
Srini Nagarajan, Managing Director, Head of Asia at BII, remarked, “As the UK’s DFI, we’re committed to accelerating the clean energy and climate resilient transition across South and South-East Asia. Our focus is on investments that de-risk projects, demonstrate viability and encourage market participation to mobilise private capital into climate finance. Our support to Blueleaf exemplifies this approach, reflecting our shared vision to advance energy transition in India and other emerging markets in Asia.”
The financing facility will support Blueleaf Energy’s continued expansion and investment in renewable energy assets across India, contributing nearly 2 GW of installed clean energy capacity to the nation. This will include utility-scale solar, wind and energy storage projects that could generate annually over 3.2 GWh of clean energy, avoiding approximately 3.1 million tons of CO2 emissions.
The partnership in India will act as a foundation for future collaboration in Southeast Asia, supporting Blueleaf Energy’s target of delivering 10 GW of installed capacity across Asia, the company stated.
Raghuram Natarajan, Chief Executive Officer of Blueleaf Energy, said, “This financing represents a strong vote of confidence in Blueleaf’s strategy, execution capabilities, and long-term commitment to India’s energy transition. We are pleased to partner with BII, whose long-standing focus on sustainable infrastructure investment aligns closely with our own ambition to accelerate clean energy deployment in Asia.”
British High Commissioner to Singapore, Nik Mehta, said, “The UK has long been committed to supporting sustainable development in Asia, and this partnership between British International Investment and Blueleaf Energy is the latest example of that commitment in action. This investment will accelerate India’s renewable energy ambitions while strengthening the foundations for clean energy growth in other markets. It’s exactly the kind of ambitious, scalable climate action we need to achieve our shared climate goals.”
Srini Nagarajan, Managing Director, Head of Asia at BII, remarked, “As the UK’s DFI, we’re committed to accelerating the clean energy and climate resilient transition across South and South-East Asia. Our focus is on investments that de-risk projects, demonstrate viability and encourage market participation to mobilise private capital into climate finance. Our support to Blueleaf exemplifies this approach, reflecting our shared vision to advance energy transition in India and other emerging markets in Asia.”
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