USD 300 Million Renewable Energy Platform Launched for India

British International Investment and Copenhagen Infrastructure Partners launched North Star, a USD 300 million renewable energy platform for India.

The United Kingdom’s British International Investment and Danish fund manager Copenhagen Infrastructure Partners launched North Star, a USD 300 million renewable energy platform for India. The platform will invest in solar, wind, hybrid energy and battery storage projects. Both partners will invest up to USD 150 million each through the Growth Markets Fund II. The initiative is expected to generate over 4 million MWh of clean energy annually and prevent nearly 4 million tonnes of carbon emissions every year. It supports India’s 500 GW renewable energy target by 2030 and net-zero target by 2070.