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PM Modi to Dedicate 750 MW Rewa Solar Project to the Nation
Pradesh UrjaVikas Nigam Limited (MPUVNL), and the Solar Energy Corporation of India (SECI). A Central Financial Assistance (CFA) of Rs 138 crore has been provided
Jul 10, 2020 // Plants, Large-Scale, Commercial, India, Asia, bhel, solar plant, Madhya Pradesh, Rail Traction Applications
NHPC Awards LoA for 400 MW ISTS-Connected Solar Projects
India's premier hydropower company which has actually expanded its portfolio to consist of solar energy organisation has introduced that it has actually
Jul 15, 2020 // Plants, Large-Scale, Commercial, India, Asia, NHPC, solar projects, LoA
Risen Energy Indications EPC Contract for 250 MW Solar Project in Vietnam
been reaffirmed as the leading volume supplier of solar PV components in India in 2019 by working as a consultant group Bridge To India (BTI). The
Jul 20, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, EPC, Asia, Risen Energy, Vietnam, International, Projects, Bypina Veerraju Chaudary
GAIL Seeking PMC Services for 2.64 MW Rooftop Solar Project
(India) Limited, the biggest state-owned gas handling as well as distribution business and also the youngest Maharatna, has provided a tender for the hiring of
Oct 21, 2020 // Plants, Rooftop PV, India, Asia, rooftop PV, GAIL, PMC
Cleanmax To Include 33.8 MW of RE Projects With Support From Meta
invest in 33.8 MW of brand-new renewable energy projects in India, Mumbai-based CleanMax Enviro Energy Solutions (CleanMax) has partnered with Meta, the world's
Dec 14, 2022 // Markets & Finance News, net-zero, CleanMax, meta, CleanMax Enviro Energy Solutions, finence, leanMax
Guwahati Signs INR 2000 Cr MoU for 250 MW/500 MWh Battery Energy Storage System
a joint venture company between ONGC, GAIL, Government of Tripura and also India Infrastructure Fund-II, clarified the many benefits that the project offers.
Jan 12, 2023 // Storage, BESS, ONGC, Tripura, Green Energy transition, Assam Power Distribution Company, combined cycle power plant, electricity grid, first grid-connected megawatt hour-scale BESS, Guwahati, India Infrastructure Fund II, microgrid power plant, OTPC
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
Adani Green Profit Leaps 60% Amid Aggressive Renewable Capacity Expansion
capacity, lifting its fleet to 15.9 GW—already the largest owned by an Indian renewables player. That expansion translated into a 42 % year-on-year
Jul 28, 2025 // Markets & Finance News, India, Asia, profit, AdaniGreen
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
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
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