Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), and British International Investment (BII) announced the launch of North Star, a $300 million (~₹28.86 billion) renewable energy platform in India.

BII and CIP will each commit up to $150 million (~₹14.43 billion) to the platform and crowd in additional private capital.

The platform will invest in solar, wind, hybrid renewable energy, and energy storage projects in India.

North Star is expected to generate more than 4 million MWh of clean energy annually and avoid about 4 million metric tons of carbon emissions each year.

The companies said North Star has been designed to help address the funding gap required to build and scale clean energy projects in India and attract additional private capital.

Peter Jannik Sjontoft, a partner in CIP’s Growth Markets Funds, said that the partnership with BII would allow CIP to build on its existing India investments and combine local insight with global investment experience to support the development of renewable energy infrastructure at scale.

Copenhagen Infrastructure Growth Markets Fund II SCSP was launched in December 2023 with a target size of $3 billion (~₹288.65 billion). GMF focuses on investments in large-scale and complex greenfield energy infrastructure projects in high-growth, middle-income markets with strong fundamentals for energy development and significant impact potential.

The fund provides financing to 15 selected high-growth, middle-income markets across Asia, Latin America, and EMEA, including India, Vietnam, the Philippines, Mexico, and South Africa.

The fund holds a diversified portfolio of attractive development-stage projects across offshore wind, onshore wind, solar PV, and battery storage, with more than $5 billion (~₹481 billion) in potential commitments, significantly exceeding the target fund size of $3 billion (~₹288.65 billion).

In 2024, CIP partnered with AMPIN Energy Transition to develop 2 GW renewable energy projects across India with a joint investment of $300 million. Through its Growth Markets Fund II, CIP plans to create a renewable energy asset base of about $1.5 billion in partnership with AMPIN.

In April 2026, BII also provided a ₹7.1 billion (~$76.15 million) financing to Polaris Smart Metering, a subsidiary, to scale up smart meter deployment in India.

In December 2025, BII, along with Standard Chartered, provided ₹8.01 billion (~$92 million) in financing to Apraava Energy to expand its advanced metering infrastructure footprint.

In 2025, BII also provided ₹8.7 billion (~$100 million) in financing to ReṄNew Energy Global for the construction of a 4 GW Tunnel Oxide Passivated Contact cell facility in Dholera, Gujarat.