UK Climate Investments (UKCI) is a joint venture between the Green Investment Group, now part of Macquarie, and the UK Government Department for Business, Energy and Industrial Strategy (BEIS). UKCI invests in renewable energy and energy efficiency projects across sub-Saharan Africa and India to demonstrate that low carbon development is possible, replicable at scale, commercially viable and capable of lowering carbon emissions and supporting economic growth. The fund (£200m of UK International Climate Finance) provides late-stage minority equity investments on a commercial basis to get projects off the ground that would not otherwise reach financial close.