BluPine Energy Secures Rs 239 Crore for Chhattisgarh Solar Power Project

BluPine Energy has obtained Rs 239 crore from Tata Capital to support a solar power project in Chhattisgarh. The 75 MW project will generate around 117 million units of energy annually and reduce over 107,000 tonnes of CO2 emissions. BluPine Energy is backed by global investor Actis.

BluPine Energy announced on Monday that it has secured Rs 239 crore in financial assistance from Tata Capital.

The funds will be allocated to a solar power project in Chhattisgarh, the company confirmed in a statement.

The 75 MW project is anticipated to produce nearly 117 million units (MUs) of energy annually, significantly reducing more than 107,000 tonnes of CO2 emissions.

BluPine Energy, a prominent renewable energy services firm in India, was founded by Actis, a global investor renowned for supporting sustainable infrastructure. Tata Capital Ltd, the financial branch of Tata Group, operates as a non-banking financial company.

(With inputs from agencies.)