BluePine Energy plans to raise $500-750 million, or around ₹4,500-6,500 crore in the next 12-18 months, which will help the company fund part of its more than 3 gigawatt (GW) of contracted capacity under development.

The renewable power producer is advancing towards its 4 GW goal by end-2027, which is dominated by solar, followed by wind. Currently, it has over 1.1 GW of operational assets.

The company — backed by global sustainable infrastructure investor Actis — will utilise the proposed debt raise to support a significant portion of its under-construction portfolio, sources said.

It has access to a diversified lender base, which includes leading Indian banks, NBFCs, and select global green-finance institutions. The cost and scale of financing are in line with prevailing industry benc

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