BII Backs Blueleaf’s 2-GW India Renewables Drive

• Blueleaf Energy, backed by Macquarie, wins BII funding to drive a 2 GW India surge in renewables and storage, accelerating its nationwide clean-power expansion.

Blueleaf Energy, a platform backed by Macquarie Asset Management, secured financial support from British International Investment to expand in India. The funding will support Blueleaf’s plan to add 2 gigawatts of capacity combining renewable power and energy storage nationwide, marking a meaningful scale-up of its development pipeline and operating footprint.

The partnership centers on building renewable energy and storage projects totaling 2 GW in India, with Blueleaf leading execution and BII providing capital support. It reinforces Blueleaf’s India push under Macquarie’s backing and targets expanded capacity to meet the planned addition of 2 gigawatts across the country’s clean-power landscape nationwide.

How will BII’s backing accelerate Blueleaf’s 2 GW renewables-plus-storage rollout in India?

- Faster financial close via BII’s anchor capital, enabling portfolio-level debt packages and shorter bid-to-NTP cycles
- Lower cost of capital through concessional/blended structures, improving tariffs for SECI/state and C&I offtake
- De-risking for co-lenders with BII’s DFI stamp, unlocking rupee loans, guarantees, and longer tenors for storage-heavy hybrids
- Acceleration of storage procurement (BESS and hybrid solar-wind-storage) with financed framework agreements and hedged import/FX exposure
- Ability to pursue Round-the-Clock, Peak, and Hybrid tenders at scale, bundling sites to meet firm power obligations
- Strengthened DISCOM bankability using payment security structures and risk-sharing mechanisms supported by BII
- Support for local supply chains and domestic content compliance, reducing ALMM and logistics bottlenecks
- Streamlined land, permits, and ESG processes using BII’s standards and technical assistance, cutting pre-construction delays
- Enhanced grid-integration studies and interconnection capex coverage, improving CTU/STU access and curtailment mitigation
- Working capital and construction equity to parallelize EPC lots across states, compressing build timelines
- Portfolio O&M digitization and performance guarantees financed up front, raising capacity factors and battery availability
- Catalyzing corporate PPA pipeline with credit-enhanced contracts for large C&I buyers under Green Open Access
- Hedging solutions for currency and interest rates, stabilizing project cash flows over long-dated PPAs
- Job creation and training programs tied to funding covenants, easing workforce constraints at multiple sites
- Replicable SPV and contracts toolkit, enabling rapid rinse-and-repeat deployment to reach the 2 GW target sooner