BluPine Energy, a renewable energy services company backed by Actis, has secured Rs 1,787 crore in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The funding will be utilised to repower existing solar assets, enhance operational efficiency, and support the company’s long-term expansion plans.

The financing structure was advised by Argus Partners and involves a consortium of 14 direct and indirect special purpose vehicles (SPVs) under BluPine Energy. These SPVs form a Restricted Group and span projects across Punjab, Uttarakhand, and Karnataka, with both central and state off-takers. Notable projects under this arrangement include Solarcraft Sandur, Solarcraft Vijayapura, Solarcraft Kaithal, Solarcraft Babadham, Solarcraft Koppal, Mihit Solar Power, among others. This strategic financing initiative aims to optimise the company's financial structuring, reduce debt servicing costs, and provide enhanced cash flow flexibility.

BluPine Energy stated that the collaboration not only strengthens its capital base but also contributes to increased financial resilience, enabling the company to continue scaling up its operations. The funding from NaBFID, a dedicated infrastructure financing institution, signals strong institutional support for renewable energy enterprises focused on building sustainable infrastructure.