British International Investment (BII) Surpasses $1B Climate Commitment in India

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  • Last Updated: February 18, 2026
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British International Investment (BII) Surpasses $1B Climate Commitment in India

British International Investment (BII), the UK’s development finance institution and a leading impact investor, has officially exceeded its ambitious climate finance targets in India. Surpassing its $1 billion commitment for the 2022–2026 strategy period early, BII has now deployed $1.1 billion into India’s green economy.

This milestone, announced at the commencement of Mumbai Climate Week, underscores BII’s pivotal role in accelerating India’s journey toward its 2070 net-zero emissions goal.

Strengthening India’s EV Ecosystem with Turno

As part of this momentum, BII announced a new INR 430 million investment in Turno, an innovative Indian EV battery infrastructure company.

This funding facilitates the launch of ElectricGo, Turno’s new e-bus business unit. The capital will specifically enable the financing of 34 intercity electric buses, further decarbonizing India’s public transportation network.

Key Milestones in India’s Clean Energy Transition

BII’s climate portfolio spans several critical sectors, driving both innovation and economic resilience:

Clean Mobility: Support for GreenCell Mobility to deploy 570 electric buses in Delhi.

Energy Storage: A $110 million commitment to EnerGrid, resulting in India’s first standalone utility-scale Battery Energy Storage System (360 MWh).

Agri-Tech Innovation: Scaling Fasal’s precision-automation tools for farmers and supporting Grow Indigo’s soil carbon projects—the first of their kind for smallholder farmers in Asia.

Shilpa Kumar, BII’s Managing Director and Head of India, highlighted that these partnerships demonstrate

how climate-focused capital can drive inclusive growth and technological advancement across the region.

Impact and Global Strategy

In 2023 alone, BII’s renewable energy portfolio helped avoid 1.5 million tonnes of CO₂ emissions. Currently, over 40% of BII’s annual commitments in Asia and Africa are dedicated to climate-related projects, reinforcing the UK's commitment to global sustainable development.

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Source: British International Investment News

Disclaimer: The information provided in this article is for general informational and research purposes only. Company details, features, services, and market positions may change over time. Readers are advised to visit official company websites and conduct independent research before making any business decisions or purchasing services.

Most Searchable Keywords

bii british international investment india climate finance clean energy india ev battery infrastructure turno mumbai climate week net-zero 2070 impact investing

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