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Investors eye stake buy in BluPine Energy in heated M&A market

Livemint

Livemint · 8m ago

Investors eye stake buy in BluPine Energy in heated M&A market

Investors are showing interest in BluPine Energy, a renewable power platform incorporated in India by Actis Capital. The London-based private equity firm is reportedly considering divestment options after investment bankers approached them with offers. BluPine currently has 2.6 GW of solar and wind energy assets in India, and Actis aims to achieve over 4 GW of renewable energy by 2028. The potential transaction could be valued at around $1 billion. However, Actis denied rumors of exploring divestment, calling the information misleading and incorrect.

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Green shoots to greenbacks: Actis eyes BluPine sale

Economic Times

Economic Times · 1m ago

Green shoots to greenbacks: Actis eyes BluPine sale

UK-based private equity firm Actis is contemplating selling its stake in BluPine Energy, a Gurgaon-based renewable energy firm, potentially valuing it at $1.3-1.4 billion. Actis, having already invested $468 million out of a committed $800 million, seeks to de-risk and hasten investment returns. BluPine, with 3 GW in operational and in-progress projects, specializes primarily in solar energy. This move could be Actis's third significant renewable energy exit in India.

Actis-owned BluPine looks to lift investment target in growth drive

VCCircle

VCCircle · 10m ago

Actis-owned BluPine looks to lift investment target in growth drive

- BluPine Energy, the Indian renewable energy platform of Actis, plans to increase its investment target as it aims to reach 4GW installed capacity in the next four-five years. - The company is owned by private equity firm Actis. - BluPine Energy is looking to upscale its investment plans to achieve its growth target. - The renewable energy platform is focused on expanding its presence in India's renewable energy sector. - BluPine Energy aims to contribute to India's clean energy goals by increasing its installed capacity.

Actis-backed Blupine Energy acquires select India assets from Acme Group

VCCircle

VCCircle · 1y ago

Actis-backed Blupine Energy acquires select India assets from Acme Group

BluPine Energy, a renewable energy platform backed by Actis, has acquired 369 MW of solar power assets from Acme Group in India. The deal, worth around $200 million, includes assets located in Uttarakhand, Punjab, and Karnataka. This acquisition will boost BluPine Energy's total renewable capacity to 2.4 GW. BluPine Energy aims to develop a renewable energy portfolio exceeding 4 GW in India. Actis, a proactive investor in India's infrastructure and renewable energy sector, closed deals exceeding $1 billion in 2022 and has raised $24 billion for investment since 2004.

BluPine Energy acquires 369 MW solar power assets from Acme Group

Thehindubusinessline

Thehindubusinessline · 1y ago

BluPine Energy acquires 369 MW solar power assets from Acme Group

BluPine Energy has acquired 369 MW of solar power assets from the Acme Group, increasing its total renewable energy capacity to 2.4 GW. The assets are spread across 14 special purpose vehicles in Uttarakhand, Punjab, and Karnataka. BluPine Energy plans to further expand its portfolio to 4 GW of solar and wind power, along with hybrid assets and battery energy storage, over the next five years. The company aims to bolster renewable energy capacities in India and assist in meeting renewable purchase obligations. This acquisition solidifies BluPine Energy's position in the country's renewable energy sector.

Grapevine: JSW Energy, Lite Bite, BluPine, Table Space, and HDB Financial in news

VCCircle

VCCircle · 8m ago

Grapevine: JSW Energy, Lite Bite, BluPine, Table Space, and HDB Financial in news

JSW Energy is looking to acquire O2 Power, while shareholders of Lite Bite Foods are considering selling a minority stake. Investment bankers have approached Actis with potential offers for BluPine Energy. Table Space has begun project implementation, and HDB Financial Services is planning to raise capital through a public issue.

BluPine Energy secures Rs 239 crore funding from Tata Capital

Economic Times

Economic Times · 1y ago

BluPine Energy secures Rs 239 crore funding from Tata Capital

Renewable energy services company BluPine Energy has secured Rs 239 crore in financial assistance from Tata Capital. The funds will be used for a solar power project in Chhattisgarh, which is projected to generate 75 megawatts of energy annually and offset over 107,000 tonnes of CO2 emissions. BluPine Energy is backed by Actis, a global investor in sustainable infrastructure companies, while Tata Capital is the non-banking financial arm of the Tata Group.

BluPine Energy to create 4 GW of RE assets in five years

Thehindubusinessline

Thehindubusinessline · 1y ago

BluPine Energy to create 4 GW of RE assets in five years

Renewable power producer BluPine Energy plans to generate 4 gigawatts (GW) of solar and wind power, alongside battery energy storage (BES), in India over the next five years. The company, with backing from infrastructure investor Actis, aims to add both organic and inorganic renewable energy capacity. BluPine has already acquired 400 MW of solar power and is in advanced talks for another 400 MW. It also has projects under development in Gujarat, Rajasthan, and Karnataka, with a total capacity of 1.35 GW. The company aims to focus on commercial and industrial as well as solar and wind power to reach its 4 GW target.

African microlender M-Kopa to bag funding from a consortium for minority stake

VCCircle

VCCircle · 11m ago

African microlender M-Kopa to bag funding from a consortium for minority stake

African microfinance provider M-Kopa plans to secure funding from a consortium of investors, including existing backers, to acquire a minority stake. M-Kopa offers digital credit services for essential goods and has investors such as British International Investment, Lightrock, International Finance Corporation, and Standard Bank.

BluPine Energy, Amazon sign PPA for 99 MW renewable energy project

YourStory

YourStory · 6m ago

BluPine Energy, Amazon sign PPA for 99 MW renewable energy project

BluPine Energy has partnered with Amazon through a Power Purchase Agreement to develop a 99 MW wind energy project in India. The project aims to produce around 360 Million Units of renewable electricity annually, powering 115,000 households and offsetting over 250,000 tonnes of CO2 emissions. This initiative reflects BluPine's commitment to expanding its renewable energy portfolio and facilitating a cleaner energy transition for businesses. CleanMax also signed a similar agreement with Amazon earlier.

M&A Deal Value In India Drops 27 Per Cent In 2023: Report

OutlookIndia

OutlookIndia · 1y ago

M&A Deal Value In India Drops 27 Per Cent In 2023: Report

M&A deal value in India dropped by 27% in 2023 to USD 136 billion, according to a report by Deloitte India. Despite global challenges like high-interest rates, economic uncertainty, and geopolitical risks, India's M&A landscape remained resilient in 2023. The report predicts a steady deals market in 2024, driven by the manufacturing sector, especially automotive and electric vehicles. The energy sector is expected to experience significant M&A activity due to the government's focus on clean energy. The financial services sector will see consolidation and responses to regulatory changes driving M&A, while private equity activity is projected to remain steady.

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