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BluPine Energy Wins $28.6mn Funding for Solar Project in Chhattisgarh

BluPine Energy, a renewable energy services company established in India by Actis, has achieved financial closure for its 75 MWp solar project in Chhattisgarh.

 

The project is in partnership with APL Apollo Building Products, a subsidiary of APL Apollo Tubes Limited, which will be the lead consumer of the generated power.

 

The solar plant is expected to generate approximately 117 million units of energy annually and offset over 107 thousand tonnes of CO2 emissions each year.

 

The financial closure was reached with a debt sanction of $28.6 million from a banking consortium led by Tata Capital.

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