Debt Debt financing
Renewable energy platform BluPine to raise Rs.376-Cr from Stanchart
Source BluPine Energy (opens in a new tab)Economic Times (opens in a new tab)
Gurugram-based BluPine Energy is to raise INR 376 crore through a loan from Standard Chartered Bank.The funding will be used for its 100 MW solar power project in Tharad, Gujarat which is undertaken by wholly owned subsidiary Solarcraft Power India and is expected to be commissioned in the first half of 2026.Founded in 2021, BluPine Energy , established in India by Actis, focuses on EPC (engineering, procurement and construction) projects and operates large-scale solar and wind projects. It aims to develop a 4+GW renewable energy portfolio.