Inox Solar and LONGi Forge 5 GW Partnership to Power India’s Solar Manufacturing Growth – EQ
In Short : The UK’s British International Investment (BII) has invested ₹625 crore ($75 million) in Blueleaf Energy, a Macquarie-owned renewable platform, to expand its solar, wind, and energy storage projects in India. The funding will help develop 2 GW of new capacity, generate 3.2 GWh of clean power annually, and support India’s 2030 renewable energy goals.
In Detail : British International Investment (BII), the UK’s development finance institution, has announced a ₹625 crore (US$75 million) investment in Blueleaf Energy to accelerate the company’s renewable energy expansion in India. The funding aims to support large-scale solar, wind, and energy storage projects, strengthening India’s clean energy ecosystem and promoting sustainable growth.
Blueleaf Energy, owned by Macquarie Asset Management, will use the funds to develop nearly 2 GW of renewable energy capacity across multiple states. These projects are expected to produce more than 3.2 GWh of clean electricity annually, helping to avoid approximately 3.1 million tonnes of carbon emissions every year.
The partnership between BII and Blueleaf reflects the growing international confidence in India’s renewable energy sector. As one of the fastest-growing green energy markets globally, India offers vast opportunities for investors committed to supporting decarbonization and sustainable infrastructure development.
According to Blueleaf Energy, the capital infusion will accelerate project execution, strengthen its technological capabilities, and expand its presence in solar, wind, and hybrid projects. The company also plans to integrate advanced battery storage solutions to enhance grid stability and maximize renewable power utilization.
BII’s investment will be made through a combination of equity and debt, providing Blueleaf with the financial flexibility needed to pursue its ambitious expansion plans. The partnership will also foster innovation, capacity building, and employment generation in India’s renewable energy value chain.
The initiative aligns with BII’s global climate finance mission to mobilize private capital for sustainable projects in developing economies. By investing in Blueleaf, BII is reaffirming its commitment to helping India achieve its 500 GW non-fossil fuel capacity target by 2030.
For Blueleaf Energy, this funding round marks a significant milestone, boosting its credibility among international investors and reinforcing its long-term commitment to India’s clean energy transition. The company aims to position itself as a key enabler of India’s green growth agenda through technology and sustainability.
Industry experts believe such international collaborations are crucial for accelerating renewable adoption in emerging markets. They not only provide financial strength but also bring in global expertise, innovation, and operational excellence to drive large-scale clean energy deployment.
Overall, the ₹625 crore investment from BII represents a powerful step toward India’s sustainable future. By supporting Blueleaf Energy’s expansion, the partnership enhances energy access, promotes decarbonization, and sets a benchmark for impactful global collaboration in the renewable energy landscape.
