India, May 20 -- The UK's development finance institution and a Danish global fund manager on Tuesday launched a project to support India's clean energy transition.

British International Investment (BII) joined hands with Copenhagen Infrastructure Partners (CIP) for the 300-million-dollar renewable energy platform, North Star, that will invest across solar, wind and hybrid as well as storage projects.

BII and CIP, through their Growth Markets Fund II (GMF II), will each commit up to $150 million for the platform designed to address the funding gap required to build and scale renewable projects in India and crowd in additional private Capital.

This marks the first investment made through British Climate Partners (BCP), a 1.1 billion pou...