BluPine Energy announced on Monday that it has secured financial support of ₹239 crore from Tata Capital. This funding will be directed towards a solar power initiative in Chhattisgarh, according to the company’s statement.
The solar project, with a capacity of 75 megawatts, is anticipated to produce approximately 117 million units (MUs) of energy annually and reduce CO2 emissions by over 107,000 tonnes.
BluPine Energy, a prominent player in the renewable energy sector, was established in India by Actis, a global leader in sustainable infrastructure investment and development.
Tata Capital Ltd (TCL), the financial services arm of the Tata Group, operates as a non-banking financial company.
