UK to invest $1.2 bn in govt and private green energy projects in India

The investments will support India's goal of 450 Gw renewable energy by 2030, the British High Commission stated

The UK government announced on Thursday, a $1.2 billion package for public and private investment in green projects and renewable energy in India. The announcement was made by UK Chancellor Rishi Sunak and union finance minister Nirmala Sitharaman at the 11th Economic and Financial Dialogue (EFD) between the two countries.

They also launched a Climate Finance Leadership Initiative (CFLI) India partnership, which aims to mobilise private capital into sustainable infrastructure in India. These investments will support India’s target of 450 Gw renewable energy by 2030, the British High Commission (BHC) said in a public statement.

Under CFLI, a group of