In Short : BluPine Energy has been awarded a 150 MW Floating Distributed Renewable Energy (FDRE) project by SJVN Green Energy. The initiative will develop large-scale floating solar installations, boosting India’s renewable energy capacity and supporting sustainable power generation. The project highlights increasing investment in innovative solar technologies and reinforces the country’s commitment to advancing […]
Actis Eyes Strategic Exit from BluPine Energy Amid Renewables Boom – EQ
In Short : Actis is planning a full or partial sale of BluPine Energy, valuing the firm at $1.3–1.4 billion. Backed by an $800 million investment in 2021, BluPine manages 3 GW of renewable assets. The move aims to de-risk and unlock returns before project completion, following Actis’s successful exits from Sprng Energy and Ostro […]
BluPine Energy Achieves Sanction of ₹2416 Crore financing for 150 MW Firm and Dispatchable Renewable Energy Power Project in Aland, Karnataka – EQ
New Delhi/Ahmedabad – BluPine Energy Private Limited (henceforth BluPine Energy), an Actis backed leading renewable energy platform, today announced the successful debt sanction of ₹2416 crore for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly owned subsidiary Solarcraft Power India 16 Pvt. Ltd., […]
BluPine Energy Reports 740,510 MWh of Renewable Generation in FY24, Avoids Over 670,000 Tonnes CO₂e – EQ
Mumbai – BluPine Energy Private Limited, an Actis-backed renewable energy platform, today announced key sustainability milestones, including the generation of over 740,510 MWh of clean energy and the avoidance of approximately 673,864 tonnes of CO₂e emissions in FY 2023–24. These achievements are part of the company’s first-ever Sustainability Report, which outlines its Environmental, Social, and […]
BluPine Energy to Power Rajasthan with 150 MW Solar-Storage Hybrid Under 25-Year SECI Pact – EQ
In Short : BluPine Energy has signed a 25-year PPA with SECI for a 150 MW solar-plus-storage project in Rajasthan’s Bikaner district. The project includes a 1,000 MW/4,000 MWh battery storage system, aiming to deliver reliable, dispatchable green power. Developed under SECI’s 2 GW tender, this initiative supports India’s goal of 500 GW non-fossil capacity […]
BluPine Energy secures Rs 1,787 cr funding from NaBFID – EQ
In Short : BluPine Energy has secured ₹1,787 crore funding from the National Bank for Financing Infrastructure and Development (NaBFID) to support its renewable energy projects. The funds will be used to develop solar and wind power projects across India, strengthening BluPine’s green energy portfolio. This investment marks a significant boost for India’s renewable energy […]
BluPine Energy secures $28.6 million funding from Tata Capital for solar project in Chhattisgarh – EQ
In Short : BluPine Energy has secured $28.6 million in funding from Tata Capital for a solar project in Chhattisgarh. This investment will support the development of the solar facility, contributing to the region’s renewable energy capacity and promoting sustainable energy initiatives. In Detail : The partnership aims to secure a total debt sanction of […]
BluPine Energy signs agreement with Dalmia Cement (Bharat) for sale of 46.87 MW green energy – EQ
In Short – BluPine Energy has signed an agreement with Dalmia Cement (Bharat) for the sale of 46.87 MW of green energy. This collaboration underscores their commitment to sustainable practices, supporting Dalmia Cement’s goal to enhance its renewable energy footprint and reduce carbon emissions, contributing significantly to the transition towards a greener and more sustainable […]
BluPine Energy Secures $50 Million Loan for 120 MW Solar Power Project in Gujarat – EQ
In Short : “BluPine Energy secures a loan for its 120 MW solar project in Sadla, Gujarat, advancing the expansion of renewable energy infrastructure and contributing to India’s sustainable energy goals.” In Detail : BluPine Energy, in collaboration with HDFC Bank, has secured a loan of USD 50.1 million for its 120 MW solar project […]
BluPine Energy acquires 369 MW solar assets from Acme Group – EQ
In Short : BluPine Energy has acquired 369 MW of solar assets from the Acme Group. This acquisition represents BluPine Energy’s strategic move to expand its renewable energy portfolio, contributing to the growth of solar power capacity in India. In Detail : The assets are spread across Uttarakhand, Punjab and Karnataka BluPine Energy on Monday […]