BluPine Energy secures Rs 1,787 cr funding from NaBFID

Current Context: On March 25, 2025, BluPine Energy, a renewable energy company backed by Actis, secured ₹1,787 crore funding from NaBFID (National Bank for Financing Infrastructure and Development).

Here's a breakdown of its significance:

• Purpose: The funds are aimed at repowering and upgrading existing solar energy projects to improve efficiency and expand renewable capacity.
• Structure: This involves 14 Special Purpose Vehicles (SPVs) across Punjab, Uttarakhand, and Karnataka, with both central and state power purchasers as off-takers.
• Impact: By lowering debt servicing costs and improving cash flow, it strengthens BluPine Energy's position in India's renewable energy market.
• Strategic Goal: The initiative aligns with India's renewable energy vision and emphasizes operational excellence to meet sustainable energy demands.

Question:

Q.1 How much funding did BluPine Energy secure from NaBFID on March 25, 2025?
a) ₹1,500 crore
b) ₹1,787 crore
c) ₹2,000 crore
d) ₹1,600 crore

Answer: b) BluPine Energy, backed by Actis, secured ₹1,787 crore in funding from the National Bank for Financing Infrastructure and Development (NaBFID) for enhancing its renewable energy projects.