BluPine Energy

BluPine Energy has been awarded a 150 MW Floating Distributed Renewable Energy (FDRE) project by SJVN, marking a significant milestone in India’s renewable energy expansion. The project underscores the growing adoption of innovative floating solar technology to optimize power generation on water bodies, complementing conventional land-based solar infrastructure. Analysts note that the award reflects BluPine Energy’s technical capabilities and the government’s focus on sustainable energy solutions to meet escalating electricity demand.

BluPine Energy, a prominent Actis-backed renewable energy firm, has secured a substantial Rs. 2,416 crore in debt financing to develop a 150 MW Firm and Dispatchable Renewable Energy (FDRE) project in Aland, Karnataka. The initiative, led by subsidiary Solarcraft Power India 16 Pvt Ltd, is part of a larger 1,500 MW FDRE tender issued by SJVN in June 2023. Combining solar, wind, and battery storage, the project aims to mitigate renewable energy intermittency and enhance grid reliability.

BluPine Energy, a prominent renewable energy platform, has secured a Rs 376 crore debt financing package for its 100 MW solar power project in Tharad, Gujarat. The project, undertaken by its subsidiary Solarcraft Power India 5, will be funded through a green loan from Standard Chartered, marking the financial closure of the initiative. Scheduled for commissioning in the first half of 2026, the project is expected to play a key role in Gujarat’s renewable energy goals and contribute to India’s broader clean energy transition.

BluPine Energy has signed a significant power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 150 MW solar project integrated with an Energy Storage System (ESS) in Rajasthan. This agreement, made through BluPine's special purpose vehicle (SPV), Solarcraft Power India 17 Private Ltd, is a landmark step towards enhancing India’s renewable energy capacity. The 25-year agreement will provide firm and dispatchable clean power, addressing grid stability and intermittency challenges.