Solarcraft Power India 5, a subsidiary of BluPine Energy, has secured a ₹376 crore (~ $45 million) green loan from Standard Chartered to develop a 100MW solar power project in Tharad, Gujarat. The project has achieved financial closure and is scheduled for commissioning in the first half of 2026, as outlined in its Power Purchase Agreement. BluPine Energy, backed by Actis through its $800 million Energy Fund 5, is building a clean energy portfolio exceeding 4GW across India.