Mergers & AcquisitionsMedium•13 November 2026•
1 min read
Blackstone Frontrunner to Acquire BluPine Energy for $1.8 Billion
Key Facts
1Blackstone has emerged as the frontrunner to acquire Actis-owned renewable energy platform BluPine Energy.
2The potential deal is valued at approximately $1.7 billion to $1.8 billion.
3Blackstone is competing with firms including Brookfield and INOX Clean Energy for the acquisition.
Blackstone has emerged as the frontrunner to acquire the renewable energy platform BluPine Energy from Actis. Livemint reported that the potential deal is valued at approximately $1.7 billion to $1.8 billion as the firm seeks to expand its clean energy portfolio.
Blackstone is competing with other firms for the acquisition, including Brookfield and INOX Clean Energy. Blackstone (BX) shares closed at $118.54 on November 12, 2026, while Brookfield (BN) shares closed at $41.64 on the same date.