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The 369 megawatts of solar capacity power assets are spread across Uttarakhand, Punjab, and Karnataka and augment its total renewable capacity to 2.4 gigawatts, BluPine Energy said in a statement.
Neerav Nanavaty, CEO of BluPine Energy, said, “The renewable energy sector in India continues to witness remarkable growth. We have high-quality solar assets in our portfolio, further solidifying our commitment to driving positive change in India’s energy sector.”
BluPine Energy is a leading renewable energy services company established in India by Actis, a global investor and leader in funding and building sustainable infrastructure companies.
With an investment of USD 800 million from Actis’ Energy Fund 5, BluPine Energy is dedicated to developing a renewable energy portfolio of over 4 GW in India. The company did not disclose the deal value.
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