BluPine Power secures ₹2,416 crore debt for its FDRE mission

BluPine Power on Monday (June 23, 2025) mentioned it has secured Rs 2,416 crore debt financing for its 150 MW Agency and Dispatchable Renewable Power (FDRE) Energy Mission in Aland, Karnataka.

The mission, undertaken by its wholly-owned subsidiary Solarcraft Energy India 16 Pvt Ltd, is being developed below the SJVN 1,500 MW FDRE tender dated June 20, 2023, an organization assertion mentioned.

BluPine Power Pvt Ltd (henceforth BluPine Power), an Actis-backed main renewable power platform, right now (Monday) introduced the profitable debt sanction of ₹2,416 crore for its 150 MW FDRE Energy Mission in Aland, Karnataka, in accordance with the assertion.

Commonplace Chartered acted as Mandated Lead Arranger, Lender, Sole Inexperienced Coordinator and Account Financial institution for the immediate transaction.

Sanjeev Bhatia, Chief Monetary Officer, BluPine Power, mentioned, “This monetary help facilitates us in constructing the need-of-hour FDRE projects- mixture of photo voltaic, wind, and battery power storage property, which helps in overcoming intermittency of renewable power sources and offering crucial help to DISCOMs throughout peak demand hours.” Prasad Hegde, Regional Head, Infrastructure & Growth Finance Group, India and South Asia, Commonplace Chartered, mentioned, “We’re delighted to be the primary port of name and first relationship Financial institution to BluPine in India and guarantee well timed monetary closure of their tasks.” This mission is slated for commissioning in Calendar 12 months 2026. As soon as operational, it can contribute considerably to India’s renewable power targets and help India’s broader power transition agenda.

This shall facilitate the growth of sustainable practices by lowering an anticipated 687,043 tonnes of CO₂ emmisions.