BluPine Energy has secured Rs 1,787 crore in funding from the National Bank for Financing Infrastructure and Development (NaBFID) to enhance its renewable energy portfolio.

The funding aims to improve cash flow, and provide financial flexibility for long-term growth. The company plans to utilise the funds to repower existing solar assets, increasing efficiency and operational effectiveness. This initiative aligns with BluPine’s strategy to drive portfolio expansion, and support its sustainability goals.

CEO Neerav Nanavaty highlighted that the funding will allow it to scale up operations while contributing to India’s renewable energy goals. BluPine Energy, established by global investor Actis, specialises in developing and operating renewable energy infrastructure, reinforcing its commitment to sustainable energy solutions in India. government of india.