British International Investment (BII), a UK-based development finance institution and impact investor, and Danish global fund manager Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund II (GMF II), today announced the launch of North Star, a $300 million renewable energy fund in India to support the country’s clean energy transition.

BII and CIP will each commit up to $150 million, with the platform designed to address the funding gap required to build and scale renewable projects in India.

North Star will invest across solar, wind and hybrid renewable energy as well as storage projects, which are expected to generate more than 4 million MWh of clean energy annually and avoid about 4 million tonnes of carbon emissions each year.

“British Climate Partners is about mobilising institutional capital at scale to accelerate the energy transition in developing Asian economies, including India, where the need and opportunity are greatest. Building on BII’s extensive experience in both energy investing and India, the launch of North Star reflects the country’s strong renewable growth, supportive policy momentum, and the role catalytic capital can play in delivering clean power at pace,” Rohit Anand, MD and Head of Asia Infrastructure, BII, said:

“India is one of the most important renewable energy markets globally. Partnering with British International Investment allows us to build on our existing India investments and combine deep local insight with global investment expertise to accelerate project delivery and support the build-out of renewable energy infrastructure at scale,” Peter Jannik Sjøntoft, Partner in CIP’s Growth Markets Funds, commented.

Published on May 19, 2026