BluPine Energy Secures Rs 376 Crore Debt for Solar Power Project in Gujarat
• BluPine Energy raised Rs 376 crore of debt funding for a 100 MW solar power project in Tharad, Gujarat.
• Financing raised through a green loan from Standard Chartered.
• Project financing documents have been signed, financial closure achieved.
BluPine Energy has successfully raised Rs 376 crore debt funding for its ambitious 100 MW solar power project in Tharad, Gujarat. This project is being implemented by its wholly owned subsidiary, Solarcraft Power India 5. The company reported that the documentation has been completed for the Rs 376 crore project finance green loan raised from Standard Chartered, a key milestone in the financial closure of the project.
The solar project will be commissioned in the first half of 2026, as per the terms and conditions mentioned in the Power Purchase Agreement (PPA).
Once commissioned, this project is likely to contribute significantly to Gujarat's renewable energy goals and become an important contributor to India's overall energy transition agenda.
BluPine Energy is known to be one of India's leading renewable energy platforms, set up by Actis, a global investor known for its expertise in sustainable infrastructure. Backed by a commitment of USD 800 million from Actis' Energy Fund 5, BluPine Energy is in the process of developing a clean energy portfolio of over 4 GW exclusively for the Indian market.
This effort speaks volumes about the company's intent to promote renewable energy solutions and work toward a sustainable future in India.
• Financing raised through a green loan from Standard Chartered.
• Project financing documents have been signed, financial closure achieved.
BluPine Energy has successfully raised Rs 376 crore debt funding for its ambitious 100 MW solar power project in Tharad, Gujarat. This project is being implemented by its wholly owned subsidiary, Solarcraft Power India 5. The company reported that the documentation has been completed for the Rs 376 crore project finance green loan raised from Standard Chartered, a key milestone in the financial closure of the project.
The solar project will be commissioned in the first half of 2026, as per the terms and conditions mentioned in the Power Purchase Agreement (PPA).
Once commissioned, this project is likely to contribute significantly to Gujarat's renewable energy goals and become an important contributor to India's overall energy transition agenda.
BluPine Energy is known to be one of India's leading renewable energy platforms, set up by Actis, a global investor known for its expertise in sustainable infrastructure. Backed by a commitment of USD 800 million from Actis' Energy Fund 5, BluPine Energy is in the process of developing a clean energy portfolio of over 4 GW exclusively for the Indian market.
This effort speaks volumes about the company's intent to promote renewable energy solutions and work toward a sustainable future in India.
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