Growth markets infrastructure investor Actis has been awarded ESG investment initiative of the year, Asia, for its $800 million investment in Indian renewable energy company BluPine Energy.

Actis invested in the business through its flagship $6 billion Energy Fund 5.

BluPine Energy, formally launched in 2022, has an installed and contracted renewable energy generation capacity of circa 3GW to date.

The business operates a community training programme, which Actis describes as a "defining element of its approach to sustainability-led value creation and securing a license to operate".

It operates 12 skills development centres to provide training for the installation and operation of its utility-scale renewable energy projects to underprivileged communities, with a lens on gender equality, located near its projects.

BluPine is targeting 4GW of installed capacity of utility-scale solar, wind, and storage projects through a buy-and-build strategy, intending to serve governments as well as commercial and industrial (C&I) customers with clean energy power purchase agreements (PPAs).