BluPine Energy Powers Ahead with ₹2,416 Crore Funding for Dispatchable Renewable Energy

BluPine Energy has secured a ₹2,416 crore debt sanction for our upcoming 150 MW Firm and Dispatchable Renewable Energy (FDRE) project in Aland, Karnataka. This financing round was led by Standard Chartered, serving as Mandated Lead Arranger, Lender, Sole Green Coordinator, and Account Bank.

This achievement underscores BluPine’s commitment to developing integrated clean energy infrastructure—combining solar, wind, and battery storage—to overcome renewable intermittency and deliver firm, dispatchable power to strengthen India’s energy grid. BluePine CFO CPA, CMA Sanjeev Bhatia said: “This closure underpins BluPine’s commitment to financial stewardship, robust corporate governance, and strong execution capabilities. It reinforces our strategy of scaling up clean energy infrastructure while ensuring commercial viability and sustainable returns. 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. It is a testament to our integrated approach for enhancing integration of renewable energy and meeting rising demand of power especially during peak hours. As we continue to develop world-class energy solutions to meet India’s growing electricity demands, partnering with premier financial institutions that share our commitment to a cleaner, stronger grid is essential. This is a significant transaction, and we thank our lending partners for their continued confidence in BluPine and our ability to build top-of-the-line energy centers.”

Prasad Hegde, Regional Head, Infrastructure & Development Finance Group, India and South Asia, Standard Chartered, added: “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. Standard Chartered is committed to help businesses adapt to the impacts of climate change, build resilience and provide an opportunity for them to thrive long-term. Globally, the Group is seeking to mobilise $300 billion in sustainable finance by 2030 which will assist in this journey. India is a key sustainable finance market for us, and we are committed to supporting the country’s ambition to reduce overall carbon emissions and expand sustainable practices.”