BluPine Energy has secured ₹376 crore in debt financing for its 100 MW solar power initiative located in Tharad, Gujarat. This project is being executed by its wholly owned subsidiary, Solarcraft Power India 5, as stated by the company. It said that the financing agreements have been finalized for the ₹376 crore green loans obtained from Standard Chartered, signifying the project’s financial closure.
This initiative is slated to commence in the first half of 2026, in accordance with the stipulations of the Power Purchase Agreement (PPA). Upon becoming operational, it will play a crucial role in achieving Gujarat’s renewable energy objectives and will aid in India’s comprehensive energy transition strategy.
BluPine Energy is a prominent renewable energy platform founded in India by Actis, a global investor and leader in sustainable infrastructure. With an $800 million commitment from Actis’ Energy Fund 5, BluPine Energy is developing more than a 4 GW clean energy portfolio dedicated exclusively to India.
