A group of private equity firms and strategic investors have shown interest in acquiring BluPine Energy, a renewable energy platform owned by UK-based Actis, which is seeking a valuation between $1.5 billion and $2 billion, according to livemint.com. The potential deal was reported on August 18, 2026, highlighting BluPine's position in India's clean energy sector.
Actis is currently exploring a sale of BluPine Energy, which develops, builds, owns, and operates renewable energy projects across India. Interested parties include KKR, the National Investment and Infrastructure Fund (NIIF), and Blackstone, all of whom are closely evaluating the asset. ISquared Capital is also considering an investment through its clean energy platform, HEXA, while Inox Clean Energy is among other strategics involved in the discussions, according to livemint.com.
This deal underscores the growing investor appetite for renewable energy assets in India, a market that has attracted significant private equity and strategic capital in recent years. BluPine Energy’s portfolio and operations align with India's broader clean energy transition goals, making it a valuable asset. Comparable deals in the sector have seen valuations in the billion-dollar range, reflecting the increasing importance of sustainable energy infrastructure in the region, as reported by livemint.com.
The next steps in the transaction will involve detailed due diligence and valuation finalizations by the interested parties. Actis aims to conclude the sale process in the near term, with the valuation target set between $1.5 billion and $2 billion, according to livemint.com.