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BluPine Energy Secures ₹1,787 Crore Funding from NaBFID.

Banking & Finance | Dated: 27 Mar 2025

In March 2025, Gurugram (Haryana)-based BluPine Energy Private Limited, a Renewable Energy (RE) services company backed by global infrastructure investor Actis, secured ₹1,787 crore in funding from Mumbai (Maharashtra)-based National Bank for Financing Infrastructure and Development (NaBFID).

🎯 Key Highlights:

  • - This funding aims to reduce debt servicing costs, enhance cash flow, repower solar assets, and provide greater financial flexibility for BluPine Energy.
  • - The funding follows a structured arrangement involving a Restricted Group of 14 Special Purpose Vehicles (SPVs) across Punjab, Uttarakhand, and Karnataka, featuring projects with both central and state off-takers.

💡 Other Important Facts:

  • (i) The funds will be used to repower existing solar assets, improving their efficiency and operational performance.
  • (ii) Backed by an $800 million investment from Actis' Energy Fund 5, BluPine Energy aims to develop a renewable energy portfolio exceeding 4 Gigawatts (GW) in India.
  • (iii) NaBFID, a specialized bank established by an Act of Parliament in 2021, has structured this transaction to support India’s transition to renewable energy by facilitating long-term infrastructure financing.

📚 Test Your Knowledge:

Recently, which renewable energy company secured ₹1,787 crore in funding from NaBFID?

Correct Answer: BluPine Energy

🚀 Quick Recap: