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North Star Renewable Energy has appointed Shivanand Nimbargi as its new Managing Director (MD) and Chief Executive Officer (CEO) to support the company’s efforts to mobilise private capital and accelerate the country’s energy transition.
North Star Renewable Energy is a joint venture between British International Investment (BII) and Copenhagen Infrastructure Partners (CIP). BII and CIP’s Growth Markets Fund II (GMF II) made the appointment, with Nimbargi set to lead North Star’s efforts to develop and scale renewable energy projects across India. 
Shivanand Nimbargi brings more than three decades of experience across the energy, transport and infrastructure sectors. Most recently, he served as Managing Director and CEO of Ayana Renewable Power, a renewable energy company and a platform originally established by BII in 2018.
Under his leadership, Ayana grew into a leading renewable energy business that attracted major institutional investors and helped demonstrate the potential of BII’s platform-building approach in India’s clean energy sector.
His experience in building and leading renewable energy businesses, together with his longstanding association with BII, positions him to lead North Star as it establishes and scales its renewable energy platform in India.
North Star is also a key platform within British Climate Partners (BCP), BII’s £1.1 billion climate finance initiative established to support the decarbonisation of coal-dependent economies, including India, by mobilising private capital at scale.
North Star will invest across solar, wind and hybrid renewable energy, as well as storage projects. These projects are expected to generate more than 4 mi
Last year, British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, entered a new five-year strategy; this year to launch British Climate Partners (BCP).
It developed BCP, a new £1.1 billion initiative to mobilise private capital at scale to support the energy transition in Asian developing economies and accelerate progress towards net zero. 
Through platform investments such as North Star, BCP aims to unlock institutional investment in climate solutions and support large-scale emissions reductions across Asia.
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