BluPine Energy announced the successful debt sanction of INR 2416 crore for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly owned subsidiary Solarcraft Power India 16 Pvt. Ltd., is being developed under the SJVN 1500 MW FDRE tender dated 20 June 2023. Standard Chartered acted as Mandated Lead Arranger, Lender, Sole Green Coordinator and Account Bank for the instant transaction.