Power | Utility Scale Solar PV | Mergers and Acquisitions
BluPine Energy, a renewable energy services company in India, acquired 369 MW solar power assets from Acme Group. This acquisition increases BluPine's total renewable energy capacity to 2.4 GW. The acquired solar projects are spread across 14 special purpose vehicles in Uttarakhand, Punjab, and Karnataka. With this acquisition, BluPine Energy is now one of the top tier players in the Indian renewable energy market.
NotesWe will likely see many more such acquisitions as the Indian solar power sector enters a growth phase - it's time for consolidations.
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