British International Investment (BII), the UK’s development finance institution (DFI) is lending $75 million (Rs 660 crore) debt to Blueleaf Energy, an Asia-focused renewable energy platform and independent power producer (IPP) owned by a Macquarie Asset Management managed fund.

The financing facility will support Blueleaf’s continued expansion and investment in renewable energy assets across India, contributing nearly 2GW of installed clean energy capacity to the country, BII said in a statement.

This will include utility-scale solar, wind and energy storage projects that could generate annually over 3.2GWh of clean energy, avoiding approximately 3.1 million tonnes of CO2 emissions, it said

Earlier this year, BII acquired 10% stake in ReNew’s solar unit for Rs 870 crore.

The country

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