BluPine Energy Pvt Ltd, an Actis-backed renewable energy platform, has announced the successful sanction of Rs 2,416 crore in debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) power project located in Aland, Karnataka.

The project is being executed by Solarcraft Power India 16 Pvt Ltd, a wholly-owned subsidiary of BluPine Energy. It is being developed under the 1,500 MW FDRE tender issued by SJVN on June 20, 2023, the company said in a statement.