BII and EAAIF join forces to fund Blueleaf Energy, accelerating India's clean energy transition through solar, wind, and energy storage projects.

UK Development Finance Partners with EAAIF to Boost India's Renewable Energy Expansion.

British International Investment (BII), the UK's development finance institution, has partnered with the Emerging Africa & Asia Infrastructure Fund (EAAIF) to strengthen investments in India's renewable energy sector. Under the agreement, EAAIF will participate in 50% of BII's $75 million mezzanine debt facility for Blueleaf Energy, supporting the development of 850 MW of greenfield renewable energy capacity across solar, wind, and energy storage projects. BII will retain a 50% stake while continuing to mobilise additional private capital for future clean energy investments. The partnership aims to accelerate India's transition toward low-carbon energy, attract institutional investors, and expand climate-resilient infrastructure financing. It also marks EAAIF's third renewable energy investment in India, highlighting growing international confidence in the country's green energy ambitions. The collaboration aligns with India's goal of reducing emissions intensity by 47% by 2035, while supporting sustainable economic growth and long-term energy security.