North Star: USD 300 Million India Renewable Platform
Why in the news
A UK investor and a Danish firm teamed up to open a renewable energy platform for India named North Star, with USD 300 million earmarked.
Key facts
| Aspect | Detail |
|---|---|
| Platform | North Star |
| Promoters | British International Investment (UK) and Copenhagen Infrastructure Partners (Denmark) |
| Planned investment | USD 300 million |
| Project types | Solar, wind, hybrid energy, battery storage |
| Expected output | Over 4 million MWh of clean energy a year |
- The platform seeks to speed up India’s clean energy transition.
Exam angle
- Platform name: North Star; sum: USD 300 million.
- Partners: BII and Copenhagen Infrastructure Partners.
- Related terms: hybrid energy, battery storage.