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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..