BluPine Energy Limited has secured structured financing worth Rs 17.87 billion from the National Bank for Financing Infrastructure and Development (NaBFID) to strengthen its renewable energy portfolio across India.
The financing is structured around a restricted group of 14 special purpose vehicles located across Punjab, Uttarakhand, and Karnataka, catering to both central and state off-takers. The funds will be utilised to repower existing solar assets, enhance operational efficiency, and support long-term portfolio expansion.