Grapevine: Tata Power, Actis, BluPine, and ICICI Prudential AMC in news
Tata Power Company is in talks to buy out private equity investors from Resurgent Power Ventures Pte Ltd while Actis is looking to sell BluPine Energy and ICICI Prudential Asset Management Company is expected to file for an IPO soon, according to separate media reports. Tata Power Tata Power Co., which holds ......
PhonePe backer General Atlantic elevates two India-based executives
New York-headquartered private equity firm General Atlantic, which primarily makes late-stage venture capital and growth equity investments in India, has elevated two of its Mumbai-based executives and a Singapore-based executive who has worked on several India deals. The PE firm, whose India portfolio includes fintech firms Snapmint and PhonePe as well ......
Actis-owned BluPine looks to lift investment target in growth drive
BluPine Energy, the Indian renewable energy platform of private equity firm Actis, could upscale its originally stated investment plans as it looks to move towards its target of 4GW installed capacity over the next four-five years, a person with direct knowledge of the matter told VCCircle. The company could raise its investment target ......
How Actis-backed BluPine Energy is sharpening focus on commercial, industrial segment
BluPine Energy, the Indian renewable energy platform of private equity firm Actis, could soon make its biggest foray yet in the commercial and industrial segment even as it considers raising its C&I target, a senior executive told VCCircle. The company is set to ink power purchase agreements (PPAs) for up to ......
Grapevine: JSW Energy, Lite Bite, BluPine, Table Space, and HDB Financial in news
JSW Neo Energy has emerged as the frontrunner to acquire O2 Power and shareholders of Lite Bite Foods is in talks to sell a minority stake, according to various media reports. Also in news, investment bankers have approached Actis with potential offers for BluPine Energy, Table Space has started work ......
Actis-backed Blupine Energy acquires select India assets from Acme Group
BluPine Energy Pvt. Ltd, a renewable energy platform established in India by the UK-based private equity firm Actis, on Monday said it has completed the acquisition of 369 megawatts (MW) solar power assets from Indian renewable energy producer Acme Group. While, the companies declined to disclose transaction details of the deal, ......
How Actis’ BluPine differs from its previous two India green energy platforms
The UK-based private equity firm Actis is moving away from plain vanilla wind and solar power generation projects and will focus on hybrid ones as it goes about deploying $800 million in India’s renewable energy sector via its third investment vehicle BluPine Energy, a top executive said. BluPine is also consciously adopting an approach different from Actis’ previous two ......
BluPine CEO on consolidation and why ‘obsession’ with low solar, wind tariffs must end
The UK-based private equity firm Actis is building its third renewable energy platform in India, BluPine Energy, after setting up and selling Ostro Energy and Sprng Energy in the past. Actis will deploy $800 million to grow BluPine and is taking a different approach than Ostro and Sprng. In an interview with VCCircle, BluPine CEO Neerav Nanavaty talks about the company's expansion plan and implementation challenges. ......
Actis buys Macquarie’s Stride Climate to expand India green energy portfolio
Private equity firm Actis said Monday it has acquired Stride Climate Investments from a fund managed by Macquarie Asset Management to beef up its India renewable energy portfolio. London-headquartered Actis, an emerging markets-focused investor in sustainable infrastructure, said the deal will bring into its fold Stride’s 371MW (414MWp) portfolio of operating ......
How govt-backed development finance institution NaBFID has hit the ground running
In the last week of March, BluPine Energy, a renewable energy platform of private equity firm Actis, closed a structured financing deal for Rs 1,787 crore to expand its portfolio. Now, by itself, debt financing for renewable energy projects is nothing new. In fact, most infrastructure projects typically have a ......
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