BluPine buys Acme solar assets

05 Dec 2023 CW Team

A unit of London-based private equity firm Actis, BluPine Energy, has bought solar power assets from Acme group for an enterprise value of Rs 1,700 crore. The acquired assets are housed in 14 special purpose vehicles.

The acquisition will add 312 megawatts of solar capacity to BluPine Energy, which was incorporated in 2021, the people said. BluPine has rapidly expanded capacities through acquisitions and currently has a renewable capacity of 1.8 gigawatts.

In November last year, the company announced the acquisition of solar projects of 400 megawatts capacity from Atha Group.

Actis, which has $12.73 billion in assets under management, had previously announced plans to invest $800 million (Rs 6,666 crore) in BluPine Energy and ramp up the capacity to 4 gigawatts eventually. A substantial part of this growth could come from acquisitions, said people aware of the matter.

On its part, Actis had successfully built and divested two renewable energy companies in India, namely, Ostro Energy and Sprng Energy. It sold Ostro Energy to ReNew Power in 2018 for $1.63 billion, and subsequently sold Sprng Energy to Shell for $1.55 billion last year.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..