Debt financing
Renewable energy platform BluPine secures Rs.2,416-Cr for FDRE project
Gurugram-based BluPine Energy has secured INR 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka.Standard Chartered acted as Mandated Lead Arranger, Lender, Sole Green Coordinator and Account Bank for the instant transaction.The project is slated to commission in 2026 will facilitate the expansion of sustainable practices by reducing an expected 687,043 tonnes of CO2 emissions.
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