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Brookfield Launches $10B BGTF II Fund for Clean Energy Transition
addition, Brookfield is considering raising $1-1.2 billion from the Indian market by selling some of its 1.6 GW renewable assets. The company has
Feb 6, 2024 // Markets & Finance News, Brookfield
BluPine Secures INR 24.16bn Loan for Karnataka Hybrid Plant Project
Indian clean-power producer BluPine Energy has clinched a debt package worth INR 24.16 billion (about USD 279 million) to build a 150-MW firm and dispatchable renewable-energy (FDRE) project in Karnataka. The long-term financing was sanctioned by a consortium of domestic lenders and will fund construction, grid-interconnection and working-capital needs through to commercial operation.
BluPine—backed by global private-equity house Actis—plans to configure the project as a hybrid of solar, wind and battery storage. Combining the three technologies allows the company to guarantee day-and-night output profiles that mimic conventional baseload power, a feature Indian utilities increasingly prize as renewable penetration rises. Under its power-purchase agreement, BluPine will deliver energy on a schedule agreed with the off-taker, reducing volatility on the Karnataka state grid.
Management says the plant, to be sited in a high-resource belt of the state, will break ground later this year and enter service by late 2027. The hybrid array is expected to supply roughly 480 GWh of clean electricity annually—enough to meet the average demand of more than 400,000 Indian homes—and eliminate an estimated 440,000 tonnes of CO₂ emissions each year.
Karnataka has emerged as a national front-runner in clean-energy adoption thanks to favourable policies such as viability-gap funding for storage and priority grid access for hybrid assets. Analysts note that firm renewable projects like BluPine’s align with the federal government’s target of 50 percent non-fossil power capacity by 2030, while directly addressing the challenge of intermittency that has dogged India’s solar-first expansion. “Bankable hybrids are the next big leap,” said a Bengaluru-based energy economist, calling the loan approval a “vote of confidence” from financial institutions.
For Actis, the deal underscores a strategy of creating scale platforms and de-risking portfolios before eventual exit. BluPine already operates or is developing more than 1 GW across India and has signalled future rounds of capital raising as it eyes a 4 GW pipeline by 2030.
Construction contracts are expected to be tendered in the coming months, with local labour and supply-chain content capped at a mandatory 75 percent under state rules—further reinforcing Karnataka’s reputation as a clean-tech manufacturing hub.
Jun 23, 2025 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Asia, karnataka, BluPine
Coal India Invites EPC & O&M Contractors For Its Floating Solar Plans
Public sector endeavor and the globe's largest coal miner, Coal India Limited, continues to prepare grounds for its enthusiastic renewable resource plans.
May 19, 2021 // Plants, Floating PV, Coal Indi solar plans, Coal India Limited, empanelment of EPC, O&M contractors, solar plans
L&T wins EPC work at 90-MW floating solar project in Madhya Pradesh
of construction and also planned commissioning were not given.
Mercom India reported in October that NTPC, SJVN, Tata Solar, Mahindra Susten, Eden
Dec 28, 2022 // Floating PV, India, Asia, floating solar park, Larsen & Toubro
The Sodium Ion Batteries Behind Reliance's $135 million Purchase of Faradion
manufacturing in 2023. Reliance Industries access marks the biggest press from India.
By buying up Faradion, Reliance New Energy Solar Ltd (RNESL) will certainly
Jan 24, 2022 // Markets & Finance News, Storage, sodium-ion battery, Faradion, James Quinn, Mukesh Ambani, Ambri, Reliance New Energy, Stiesdal
STI Norland expects 1.2GW of contracted mounting systems orders in 2019
France, while establishing itself in other strategic markets such as Japan or India.
STI Norland noted that it had more than 700MW of projects under
Sep 8, 2019 // Plants, Large-Scale, Commercial, Japan, Spain, France, India, pv power plants, Europe, Asia, Mexico, North America, sti norland, pv trackers, pv mounting systems
Andhra Pradesh problems tender for 6.4 GW of solar projects
The opening of bids will happen on January 7, 2021.
According to Mercom's India Solar Project Tracker, Andhra Pradesh presently has 3.7 GW of large-scale
Dec 7, 2020 // Plants, Large-Scale, Commercial, India, tender, Asia, Solar Project
Adani Green bags 600-MW wind-solar honor in SECI tender
competition round was held by the Solar Energy Corporation of India (SECI) and also was open to projects that would be connected to the nation's Interstate
Jan 4, 2021 // Plants, India, Asia, Adani Green Energy, hybrid wind-solar project
ThomasLloyd Energy got rid of to purchase stake in 434-MW Indian solar portfolio
purchase more shares in the company from other existing investors.
SolarArise India owns seven solar projects with an integrated capacity of 434 MW. As reported
Mar 15, 2022 // Markets & Finance News, India, Asia, ThomasLloyd Energy Impact Trust Plc
Brookfield indications 600MW take care of Amazon
capacity to power Amazon's operations in Europe, North America as well as India.
In total amount, these projects are expected to produce 1,370 GWh, which is
Nov 30, 2022 // Markets & Finance News, India, Amazon, Europe, Asia, Brookfield, Ruth Kent
Adani switches on 450-MW wind-solar hybrid complex in Rajasthan
a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI), priced at INR 2.67 (USD 0.033/ EUR 0.031) per kWh.
Adani Green stated
Dec 6, 2022 // Plants, India, Asia, Adani, wind-solar hybrid complex
Salesforce inks REC deal with Powertrust for 280 GWh
(D-RECs) will certainly support high-impact projects situated in Brazil, India, sub-Saharan Africa, and also Southeast Asia. These have actually until now
Feb 15, 2023 // Markets & Finance News, Salesforce
Singapore's athein targets 2-GWp solar portfolio by 2030
three years to fund its pipe of solar and also wind power in Australia, India, the Philippines, and
Apr 7, 2023 // Plants, Markets & Finance News, Asia, Singapore
RUMSL Welcomes Bids for ESIA of 600 MW Floating Solar Project in MP
CTU/STU substation.
RUMSL, a joint endeavor of Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL), stated that
Aug 25, 2021 // Plants, Large-Scale, Commercial, Floating PV, India, floating PV, Asia, Solar Park, RUMSL, Environmental and Social Impact Assessment, ESIA, Rewa Ultra Mega Solar Limited
Aesthetics On China Imports Fail To Decrease Solar Imports For US In 2021
in imports from other nations, including Thailand and South Korea and even India. Only 1% of 2021 year-to-date imports come from regions outside of Asia. A
Dec 13, 2021 // Markets & Finance News, China, First Solar, Asia, rystad energy