British International Investment and Denmark's Climate Investment Programme have launched a $300 million [1] renewables platform to fund energy projects in India.
The initiative aims to mobilize private capital for solar, wind, hybrid, and storage projects. This investment comes as India seeks to scale its infrastructure to meet ambitious climate goals.
The fund targets a variety of clean-energy technologies to diversify the power grid. By focusing on storage and hybrid systems, the partners intend to address the intermittency issues often associated with wind and solar power — a critical step for industrial stability.
Leslie Maasdorp, CEO of British International Investment, said India is the fastest growing emerging market globally and no country matches it in scale. He said that the country's clear target of 500 GW [2] of clean energy by 2030 makes it attractive to investors.
This partnership combines the resources of the UK and Denmark to accelerate the transition away from fossil fuels. The $300 million [1] commitment serves as a catalyst to attract further institutional investment into the Indian market.
India's commitment to reaching 500 GW [2] of clean energy by 2030 requires significant upfront capital and technical expertise. The new platform is designed to provide both the financial backing and the strategic oversight necessary to execute these large-scale projects.
“India is the fastest growing emerging market globally & no country matches it in scale.”
The collaboration between the UK and Denmark signals a growing trend of bilateral climate finance aimed at emerging economies. By deploying a targeted fund, these nations are not only supporting India's 2030 energy goals but are also establishing a blueprint for reducing investment risk in large-scale renewable transitions, which may encourage other global private equity firms to enter the Indian energy sector.
