BII pulls EAAIF into $75M Blueleaf Energy debt facility

British International Investment (BII) has partially syndicated its $75 million mezzanine debt facility for Blueleaf Energy to the Emerging Africa & Asia Infrastructure Fund (EAAIF). EAAIF will finance 50% of the facility, which BII underwrote, while BII keeps a $37.5 million stake.

Blueleaf Energy is a Singapore-headquartered pan-Asian renewable energy platform and independent power producer owned by Macquarie Asset Management. It aims to build a renewable portfolio of around 5GW in India by 2030.

BII committed to Blueleaf Energy in 2025 and is now bringing in a co-financier, a quick move to mobilise further private capital over time. EAAIF's half of the facility supports 850MW of greenfield renewable capacity.

Blueleaf Energy operates in Southeast Asia, India, Taiwan, and Japan, with a pipeline of over 4.5GW of generation assets and nearly 3GWh of storage projects.

The fund is a blended finance vehicle providing debt to infrastructure projects in low-income countries across Africa and Asia. A Private Infrastructure Development Group (PIDG) company managed by Ninety One, it has previously backed a Pakistani sustainable aviation fuel facility and Vietnam's rooftop solar firm CME Solar.

This is EAAIF's third financing in India's renewable energy sector and marks the expansion of its climate infrastructure investments in Asia. The syndication shows development institutions increasingly pooling debt to accelerate the region's clean energy build-out.