+
Blueleaf Energy Acquires 40 MW Wind Asset in Karnataka
POWER & RENEWABLE ENERGY

Blueleaf Energy Acquires 40 MW Wind Asset in Karnataka

Pan-Asian renewable energy platform Blueleaf Energy has acquired a 40 MW operating wind power asset in Karnataka’s Belagavi district. The transaction marks the company’s first purchase of an operating asset in India and expands its presence beyond greenfield development.

The wind farm has eight years of clean energy generation experience. It complements Blueleaf Energy’s existing 1.5 GW greenfield portfolio in India, which includes projects under construction and assets already in operation.

Blueleaf Energy said the acquisition forms part of a targeted mergers and acquisitions strategy intended to accelerate growth and increase its presence in India’s renewable energy market. The company also plans to maintain its focus on delivering long-term value as the country transitions towards cleaner energy sources.

The company received legal, financial and tax structuring advice from Talwar Thakore & Associates and EY for the transaction. Blueleaf Energy’s India country head, Pratyush Thakur, described the purchase as an important milestone and said the company would build on its established greenfield development capabilities while pursuing further expansion opportunities.

Blueleaf Energy has previously commissioned the 300 MWp Pachora Hybrid Power Project in Madhya Pradesh. The project is jointly owned by Blueleaf Energy and Jakson Green through its parent company, Jakson. The wind and solar project has an estimated value of about Rs. 19 bn and is expected to generate nearly 600 mn units of clean electricity annually for sale on the Indian power market.

The company has also expanded in Rajasthan through its partnership with Jakson Green. Ground-mounted solar plants with capacities of 280 MWp and 560 MWp in Bikaner form part of the 1 GWp Rajasthan Solar Portfolio. The partners recently achieved financial close for the portfolio with Axis Bank, completing funding for the entire development.

Pan-Asian renewable energy platform Blueleaf Energy has acquired a 40 MW operating wind power asset in Karnataka’s Belagavi district. The transaction marks the company’s first purchase of an operating asset in India and expands its presence beyond greenfield development. The wind farm has eight years of clean energy generation experience. It complements Blueleaf Energy’s existing 1.5 GW greenfield portfolio in India, which includes projects under construction and assets already in operation. Blueleaf Energy said the acquisition forms part of a targeted mergers and acquisitions strategy intended to accelerate growth and increase its presence in India’s renewable energy market. The company also plans to maintain its focus on delivering long-term value as the country transitions towards cleaner energy sources. The company received legal, financial and tax structuring advice from Talwar Thakore & Associates and EY for the transaction. Blueleaf Energy’s India country head, Pratyush Thakur, described the purchase as an important milestone and said the company would build on its established greenfield development capabilities while pursuing further expansion opportunities. Blueleaf Energy has previously commissioned the 300 MWp Pachora Hybrid Power Project in Madhya Pradesh. The project is jointly owned by Blueleaf Energy and Jakson Green through its parent company, Jakson. The wind and solar project has an estimated value of about Rs. 19 bn and is expected to generate nearly 600 mn units of clean electricity annually for sale on the Indian power market. The company has also expanded in Rajasthan through its partnership with Jakson Green. Ground-mounted solar plants with capacities of 280 MWp and 560 MWp in Bikaner form part of the 1 GWp Rajasthan Solar Portfolio. The partners recently achieved financial close for the portfolio with Axis Bank, completing funding for the entire development.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

VECV Sales Rise 49.6% to 11,396 Units in September

VE Commercial Vehicles Ltd (VECV), a joint venture between Volvo Group and Eicher Motors, recorded sales of 11,396 units in September 2026, up 49.6 per cent from 7,619 units in September 2025.The total included 11,146 units under the Eicher brand and 250 units under the Volvo brand.Eicher-branded trucks and buses recorded sales of 11,146 units during the month, compared with 7,352 units in September 2025, registering growth of 51.6 per cent.In the domestic commercial vehicle market, Eicher trucks and buses reported sales of 10,479 units, up 57.5 per cent from 6,652 units in the corresponding p..

Next Story
Infrastructure Urban

"Agentic AI set to transform supply chain decision-making."

Interview with: Lalit Das, Founder & CEO, Agentra AIWhy the next phase of supply chain technology will be about AI that acts, not just advises?Supply chains no longer have a visibility problem. They have a decision-latency problem. It takes about 8.7 hours to detect a disruption and more than 40 more to understand its impact, all before anyone acts. Meanwhile, disruption costs the global economy an estimated $184 billion a year.Enterprises already own excellent systems of record. What they lack is a system of action. Copilots don't fix that, they just give faster answers about a broken pro..

Next Story
Real Estate

BNW Developments Opens Sydney Office to Target UAE Investors

BNW Developments has expanded its international presence with the opening of a new office in Sydney, Australia, aimed at strengthening engagement with Australian investors interested in the UAE residential property market.The Sydney office will serve as a local platform for investors, wealth advisers, brokerage firms and real estate professionals exploring opportunities in Dubai and Ras Al Khaimah.Headquartered in Dubai, BNW Developments has launched 13 projects and has another 16 projects in its pipeline, representing a combined gross development value of around AED 32 billion (USD 8.7 billio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code