UK-based private equity firm Actis is exploring a full or partial exit from BluPine Energy, its Gurgaon-based renewable energy platform, in a deal potentially valuing the company at $1.3-1.4 billion (₹11,138-12,000 crore).

Launched four years ago with an $800 million commitment, Actis is engaging potential buyers to de-risk its position and accelerate capital returns. This would mark Actis’ third major renewable energy exit in India after selling Sprng Energy to Shell and Ostro Energy to ReNew Power. BluPine Energy, led by Neerav Nanavaty, has a 3 GW portfolio—76% solar, 13% wind, and 12% hybrid—with 1.1 GW operational and 1.9 GW under construction. The company aims to reach 4 GW capacity. With global investor sentiment towards renewables softening and increasing exits in India’s clean energy sector, Actis seeks to capitalize on early returns despite the portfolio being mid-construction. Both Actis and BluPine declined to comment on the potential sale.