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Actis-backed BluPine Energy completed the acquisition of a 369MW solar portfolio of Acme Group for $200m.

Financials

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Transaction Value£156m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Majority

Completed

India

Renewable Energy Equipment

solar farms

Private

Cross Border

Friendly

Single Bidder

Synopsis

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Actis-backed BluPine Energy, a renewable energy platform, completed the acquisition of a 369MW solar portfolio of Acme Group, a renewable energy producer, for $200m. "The renewable energy sector in India continues to witness remarkable growth. With the high-quality solar assets in our portfolio, we aim to solidify our commitment to driving positive change in India's energy sector,” Neerav Nanavaty, BluPine Energy CEO.

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