Debt financing
Renewable energy services provider BluPine secures Rs.1,787-Cr from NaBFID
Gurugram-based renewable energy service company BluPine Energy has closed a structured financing deal of INR 1,787 crore with the National Bank for Financing Infrastructure and Development (NaBFID).The deal, which is structured around 14 special purpose vehicles (SPVs), is designed to help lower debt servicing costs, improve cash flow, and enable financial stability for BluPine. The funds will be deployed towards re-powering existing solar assets and will help improve the firm’s internal rate of return (IRR).
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