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The Independent UK
The Independent UK
National
Stuti Mishra

UK launches $300m fund to accelerate renewable power projects in India

Solar panels are seen installed in an agriculture field in Haryana, India - (Getty)

The UK has launched a $300 million (£224m) in renewable energy platform in India, as the world's third-largest clean energy market races to close a $160 billion annual funding gap in the race to keep its 2030 clean energy targets on track.

British International Investment (BII), the UK's development finance institution, will commit $150 million to the platform, called North Star, with Danish fund manager Copenhagen Infrastructure Partners providing the remaining $150 million.

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