Archive · 19 Aug 2026
Crowded Field Circles Actis-Owned BluPine Energy in Sale
Actis owns a renewable-energy company in India called BluPine Energy.
Actis is considering selling the company for roughly $1.5–2 billion.
Many large investment and energy companies are interested in buying it.
These include KKR, Blackstone, NIIF and several other firms.
The interested buyers are expected to submit binding offers within 10–12 days.
BluPine was started in 2022 to develop solar, wind and energy-storage projects.
It also helps businesses buy renewable electricity through different power arrangements.
India is trying to greatly increase its clean-energy capacity by 2030.
This goal and the growing size of the market are attracting investors to renewable-energy companies.
Actis is exploring a sale of BluPine Energy at a valuation of about $1.5–2 billion.
KKR, NIIF, Blackstone, ISquared Capital and Inox Clean Energy are evaluating the platform.
Macquarie, RPSG Group, Torrent Power and Apraava Energy are also reportedly interested.
Binding bids are due within the next 10–12 days, according to people familiar with the matter.
Launched in 2022, BluPine targets 4GW of Indian solar, wind and storage projects and has expanded into commercial and industrial power solutions.
- Who
- Actis LLP, the owner of BluPine Energy, and potential buyers including KKR, National Investment and Infrastructure Fund, Blackstone, ISquared Capital, Inox Clean Energy, Macquarie, RPSG Group, Torrent Power and Apraava Energy.
- What
- Actis is exploring the sale of BluPine Energy, seeking a valuation of about $1.5–2 billion.
- When
- Binding bids are due within the next 10–12 days; BluPine was launched in 2022.
- Where
- BluPine operates across India and is based in Gurugram.
- Why
- India’s expanding renewable-energy market and the government’s target of 500GW of installed non-fossil-fuel capacity by 2030 are attracting strategic and infrastructure investors.
- Seller
- Actis LLP
- Asset
- BluPine Energy
- Potential valuation
- About $1.5–2 billion
- Headquarters
- Gurugram, India
- Launch year
- 2022
- Target capacity
- 4GW of utility-scale solar, wind and storage projects
- Bid deadline
- Within the next 10–12 days
- India’s 2030 target
- 500GW of installed non-fossil-fuel capacity
