Latest news with #Actis-backed
Business Standard
6 days ago
- Business
- Business Standard
BluPine Energy Certified as a Great Place to Work, Reinforcing Its People-First Culture
VMPL New Delhi [India], August 13: BluPine Energy Private Limited (henceforth BluPine Energy), an Actis-backed leading renewable energy platform, has been officially certified as a Great Place to Work® by the Great Place to Work® Institute a global authority on workplace culture. his prestigious recognition reflects BluPine Energy's commitment to cultivating a high-trust, inclusive, and performance-driven environment where people are empowered to grow, lead, and thrive. The certification is awarded after a careful assessment based on employee feedback and evaluation of the company's people practices. To qualify, an organization must secure at least 70% positive responses across five core dimensions trust in leadership, fairness, pride, respect, and camaraderie. Commenting on the achievement, Neerav Nanavaty, CEO, BluPine Energy, said, "Being certified as a Great Place to Work® is a strategic milestone for BluPine Energy as it reinforces our belief that a strong, people-first culture is foundational to sustainable business growth. This recognition reflects not only the trust our teams place in us, but also our collective commitment to building an organisation where leadership, innovation, and impact thrive. At BluPine, we are intentionally creating an environment that empowers individuals to lead with purpose, drive transformative change, and contribute meaningfully to India's clean energy transition." Manisha Nair, Senior Vice President & Head - Human Resource, Administration & Corporate Communications, BluPine Energy added, "This recognition is especially meaningful because it comes directly from our employees. It validates our efforts to nurture a culture where people feel respected, valued, and motivated to do their best work. We are committed to continuously listening to our teams, evolving our practices, and investing in their holistic well-being." The certification comes at a pivotal time as BluPine Energy scales its presence in India's renewable energy sector. While accelerating its impact in clean energy, the company remains steadfast in its commitment to building a purpose-driven, people-centric culture--one that empowers individuals to perform at their best and collectively shape a more sustainable future. About BluPine Energy BluPine Energy is a leading renewable energy platform established in India by Actis, a global investor and leader in sustainable infrastructure. With an $800 million commitment from Actis' Energy Fund 5, BluPine Energy is developing a robust 4+ GW clean energy portfolio dedicated exclusively to India. BluPine Energy is an ISO-certified company, having obtained certifications under ISO 9001 for Quality, ISO 45001 for Safety, and ISO 14001 for Environment.
The Hindu
23-06-2025
- Business
- The Hindu
BluPine Energy secures ₹2,416 crore debt for its FDRE project
BluPine Energy on Monday (June 23, 2025) said it has secured Rs 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly-owned subsidiary Solarcraft Power India 16 Pvt Ltd, is being developed under the SJVN 1,500 MW FDRE tender dated June 20, 2023, a company statement said. BluPine Energy Pvt Ltd (henceforth BluPine Energy), an Actis-backed leading renewable energy platform, today (Monday) announced the successful debt sanction of ₹2,416 crore for its 150 MW FDRE Power Project in Aland, Karnataka, according to the statement. Standard Chartered acted as Mandated Lead Arranger, Lender, Sole Green Coordinator and Account Bank for the instant transaction. Sanjeev Bhatia, Chief Financial Officer, BluPine Energy, said, "This financial assistance facilitates us in building the need-of-hour FDRE projects- mix of solar, wind, and battery energy storage assets, which helps in overcoming intermittency of renewable energy sources and providing critical support to DISCOMs during peak demand hours." Prasad Hegde, Regional Head, Infrastructure & Development Finance Group, India and South Asia, Standard Chartered, said, 'We are delighted to be the first port of call and primary relationship Bank to BluPine in India and ensure timely financial closure of their projects." This project is slated for commissioning in Calendar year 2026. Once operational, it will contribute significantly to India's renewable energy targets and support India's broader energy transition agenda. This shall facilitate the expansion of sustainable practices by reducing an expected 687,043 tonnes of CO₂ emmisions.
Time of India
23-06-2025
- Business
- Time of India
BluPine Energy secures Rs 2,416 cr debt for its FDRE project
BluPine Energy on Monday said it has secured Rs 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly-owned subsidiary Solarcraft Power India 16 Pvt Ltd , is being developed under the SJVN 1,500 MW FDRE tender dated June 20, 2023, a company statement said. BluPine Energy Pvt Ltd (henceforth BluPine Energy), an Actis-backed leading renewable energy platform, today (Monday) announced the successful debt sanction of Rs 2,416 crore for its 150 MW FDRE Power Project in Aland, Karnataka, according to the statement. Standard Chartered acted as Mandated Lead Arranger, Lender, Sole Green Coordinator and Account Bank for the instant transaction. Sanjeev Bhatia, Chief Financial Officer, BluPine Energy, said, "This financial assistance facilitates us in building the need-of-hour FDRE projects- mix of solar, wind, and battery energy storage assets, which helps in overcoming intermittency of renewable energy sources and providing critical support to DISCOMs during peak demand hours." Live Events Prasad Hegde, Regional Head, Infrastructure & Development Finance Group, India and South Asia, Standard Chartered, said, "We are delighted to be the first port of call and primary relationship Bank to BluPine in India and ensure timely financial closure of their projects." This project is slated for commissioning in Calendar year 2026. Once operational, it will contribute significantly to India's renewable energy targets and support India's broader energy transition agenda. This shall facilitate the expansion of sustainable practices by reducing an expected 687,043 tonnes of CO₂ emmissions. Economic Times WhatsApp channel )
Time of India
28-05-2025
- Business
- Time of India
BluPine Energy reports 740,510 MWh of renewable generation in FY24
Mumbai: BluPine Energy , an Actis-backed renewable energy platform, on Wednesday today said it has generated over 740,510 MWh of clean energy and avoided 673,864 tonnes of CO₂e emissions in FY24. The company disclosed this in its first-ever Sustainability Report . 'As a company just three years young, we are embedding sustainability into our DNA from the outset… Our goal is to grow our operational clean energy capacity by over three times in the next three years,' said Neerav Nanavaty, chief executive officer, BluPine Energy. Sumit Barat, Chief Sustainability Officer, BluPine Energy said that by integrating ESG considerations into asset planning, procurement, and operations, the company is building a renewable energy platform that is not only scalable but future resilient. According to the official press release, the company has a portfolio of about 3 GW spanning solar, wind, and hybrid projects.
