Supporting green energy infrastructure
in emerging economies

UK Climate Investments LLP (UKCI) is helping to promote cleaner, greener growth in emerging economies.

UKCI was established in 2015 with a binding commitment of £200 million from the UK Government's International Climate Finance funding. Targeting transformational green energy investments in some of the world’s most carbon intensive economies, UKCI identifies opportunities where its capital can mobilise additional private sector capital on a sustainable basis to promote cleaner, greener growth in these emerging economies.

UKCI invests on commercial terms, making minority equity investments of typically c. £10-30 million into renewable energy and energy efficiency projects.

With a current geographic focus of India and Sub-Saharan Africa, UKCI is working closely with its investment partners to develop, build and operate green energy infrastructure in areas with limited access to electricity.

UKCI is a joint venture between the Green Investment Group (GIG) and the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS). UKCI has a dedicated team of investment professionals who are supported by the wider Green Investment Group team and Macquarie Infrastructure and Real Assets' global platform and networks.


UKCI Investments

Supporting the build-out of green energy infrastructure

India

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UKCI partnered with one of the UK’s leading solar developers on its first project in India – the greenfield development of a 50MW solar farm in Wagdari, Maharashtra.

In addition to exporting the UK’s industry-leading development, construction and operations expertise, the project is powering the equivalent of ~20,000 homes with clean electricity each year.

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Driving innovation in India’s renewables sector

India

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UKCI co-invested in a 185MW portfolio of solar farms across India. Built to world-class standards in regions highly dependent on fossil-fuel based generation, the portfolio will help avoid ~330ktpa of CO2 emissions over their operational lives and power approximately ~315,000 homes each year.

The portfolio was also used to establish the first offshore renewables strategy of its kind in India, marking a significant development in one of the world’s fastest growing solar markets.

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Green finance market development

Sub-Saharan Africa

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In 2019, UKCI announced that it would act as a cornerstone investor in a vehicle seeking to accelerate the installation of renewables capacity in sub-Saharan Africa.

UKCI’s commitment intends to help renewables developers unlock and recycle capital in established green energy projects.

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Promoting clean growth

India

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UKCI is helping commercial and industrial businesses across India rethink how they produce and consume electricity by helping CleanMax Solar expand its network of private solar farms. 

CleanMax Solar partners with businesses to build new rooftop and ground mounted solar projects – enabling businesses to access clean, cheaper-than-grid electricity by removing the need for significant upfront capital investment.

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Image: CleanMax Solar rooftop solar plant, KIOCL Limited, Mangalore, 380 kWp


Supporting South Africa’s transition to a new energy mix

South Africa

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UKCI is providing critical financing to support the development of 254MW of renewables projects across South Africa.

The projects are being supported through an innovative funding mechanism designed by UKCI to support Black Economic Empowerment entities. When completed in 2020, the projects will power ~200,000 homes each year.

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India’s renewables revolution


UKCI contacts

Richard Abel

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Richard Abel

Managing Director

Amit Rama

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Amit Rama

Senior Vice President

Ana Plecas

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Ana Plecas

Senior Vice President