BII and EAAIF Support Blueleaf Energy in Developing 850 MW of Renewable Energy in India
2026-07-17 11:53
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en.Wedoany.com Reported - On July 15, 2026, British International Investment (BII) announced that it has arranged a 50% share of its $75 million mezzanine financing for Blueleaf Energy to the Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One. This financing will support Blueleaf Energy—a Singapore-based renewable energy platform owned by Macquarie Asset Management—in developing 850 MW of renewable energy capacity in India.

This co-financing expands Blueleaf Energy's access to capital for utility-scale solar, wind, and energy storage projects across India. Source: British International Investment

BII will retain a $37.5 million share in the financing facility. BII CEO Leslie Maasdorp stated: "This transaction is a powerful example of our 'originate-to-share' strategy under the UK Climate Partnership program. We deploy capital to initiate projects, then bring in institutional investors to scale up." UK Development Minister Jenny Chapman noted: "This deal demonstrates that where BII leads, other investors follow. BII's partnership with Ninety One is good for business and good for the planet."

The financing transaction expands EAAIF's renewable energy investments in India, marking its third investment in the country's renewable energy sector, while supporting Blueleaf Energy's target of developing approximately 5 GW of renewable energy capacity in India by 2030. Ninety One Founder and CEO Hendrik du Toit said: "Mobilizing capital at scale is critical to accelerating the energy transition in emerging markets. This deal showcases how development finance institutions and private investors can collaborate to bring more capital to projects with strong long-term fundamentals."

BII will retain a $37.5 million share in the financing facility and continue to support Blueleaf Energy's growth to progressively mobilize additional private capital.

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