British International Investment (BII) has announced the launch of North Star. It is a $300 million platform aimed at accelerating the development of clean energy in India. BII will invest $150 million in the platform, while another $150 million will be provided by Copenhagen Infrastructure Partners through its Growth Markets Fund II.
Furthermore, the platform is the first investment under British Climate Partners, a £1.1 billion climate finance initiative launched by BII in April 2026 as part of its new five-year strategy. £3.5 billion of private capital is expected to be mobilised by British Climate Partners over the lifetime of its investments. Apart from India, British Climate Partners will facilitate large‑scale institutional capital for climate solutions across other Asian markets like the Philippines, Indonesia, and Vietnam.
Earlier, in January 2026, BII committed $33 million to GreenCell Mobility to accelerate zero emission public transport in India. This funding is part of a $89 million mezzanine financing jointly provided by BII, International Finance Corporation and Tata Capital. Further, in October 2025, Blueleaf Energy and BII inked an agreement to accelerate clean energy projects in India. Under the agreement, Blueleaf Energy secured a $75 million financing facility from BII.
REGlobal’s Views: India is one of the top five markets in the global renewable energy landscape with more than 220 GW of installations. Although the country’s renewables sector has become a major investment hotspot for both domestic and international investors, a significant gap in financing needs to be overcome for the nation to reach its clean energy targets by 2030. After Ayana, BII’s North Star will help accelerate private capital flows into the country’s growing clean energy market.