Actis-backed Blupine Energy completed the acquisition of a 404MWp operating solar portfolio from Atha Group.

Actis-backed Blupine Energy, a renewable energy projects and storage assets developer, completed the acquisition of a 404MWp operating solar portfolio from Atha Group, a mining company. Financial terms were not disclosed. “We are delighted to complete this transaction which not only brings significant utility-scale solar capacity of 404 MWp, but also provides the seed assets for BluPine Energy and increases our geographical footprint. In addition to deepening our renewable energy capabilities, it positions us well to meet our aggressive growth objectives in line with our business plan, and to be a key player in India’s clean energy transition,” Neerav Nanavaty, BluPine CEO.