BluPine’s Big Leap: How Axis Bank’s ₹5,400 Crore Boost Fuels India’s Green Future

India’s renewable energy sector received a significant boost as BluPine Energy, a platform backed by London-based Actis, finalized a landmark financing deal with Axis Bank. The ₹5,400 crore loan, carrying a tenor of 16–20 years at an interest rate of about 7.7%, is secured against operational solar and wind projects.

This move highlights Actis’s long-term commitment to India’s clean energy transition, while strengthening BluPine’s capital structure and enabling further expansion of its renewable portfolio.

Key Highlights

Financing Details:

• Loan size: ₹5,400 crore.
• Tenor: 16–20 years.
• Interest rate: ~7.7%.
• Secured against 17 renewable SPVs with 1,426 MW operating capacity and 26 MW under construction.

Strategic Purpose:

• Funds will refinance existing borrowings.
• Optimizes BluPine’s capital structure for long-term growth.

Actis’s Expansion in India:

• Actis continues to expand its clean-energy footprint through BluPine.
• Focus on solar and wind projects backed by long-term power purchase agreements.

Sectoral Impact:

• Reinforces India’s position as a global clean-energy hub.
• Strengthens investor confidence in sustainable infrastructure financing.

Sources: The Economic Times, ScanX News, Renewable Watch