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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
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
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
SECI Gets CERC Approval to Sell 600 MW Solar Power to Haryana & Bihar at Rs 2.44/ kWh.
order accepted the application submitted by the Solar Energy Corporation of India (SECI) looking for the compensations' authorization for marketing of 600 MW
Feb 28, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Haryana, SECI, Asia, tariff, Solar Power, Bihar, CERC
Tender Issued for 5 MW Solar Plant at Nalanda University
(Tranche-II) Phase-II Scheme being run by the "Solar Energy Corporation of India Limited under Ministry of New and also Renewable Energy, Govt of
Mar 17, 2020 // Plants, Large-Scale, Commercial, India, tender, Asia, Nalanda University, Projects
Goa to replace traditional clay tiles with solar ones
India’s smallest state, may soon replace its traditional Mangalorean, clay roof tiles with solar tiles. State power minister Nilesh Cabral told
Nov 13, 2019 // Residential, Rooftop PV, India, Asia, rooftop PV, Nilesh Cabral
EDF to boost foothold in Egyptian PV via KarmSolar stake buy
gross installed capacity of 12.5GW worldwide, with projects in Brazil, China, India, South Africa and the Middle East, as well as Europe and North America. EDF
Nov 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, pv power plants, solar pv, Asia, Africa, Benban, Egypt, EDF Renewables, KarmSolar, Ahmed Zahran
Tata Power Solar ramps up cell as well as module production capacity to 1.1 GW.
with an alternative for bifacial modules. Tata Power Solar, a subsidiary of Indian energy Tata Power, claimed the growth is based on the "significant boost in
Apr 8, 2021 // Manufacturing News, India, Asia, module manufacturing, tata power, cell manufacturing
2020 was best year yet for utility-scale solar
momentum in the USA, Spain and Australia were major factors, while China and India had a relatively quieter year. The leading 3 nations in collective capacity
Apr 8, 2021 // Market Research, UTILITY-SCALE SOLAR
NTPC Renewable Energy Indications PPA to Offer Power From its 150 MW Solar Project
wind-solar crossbreed power project( s) as much as 600 MW anywhere in India. The hybrid power project is meant to be created by NTPC via its subsidiary
May 7, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, PPA, India, NTPC, Asia, GUVNL, Solar Project
US Solar Developers Warn Of Threat to Solar From Import Duties
of action does obtain launched. The issue will certainly appear familiar to Indian visitors, but India appears to have a far better opportunity of
Sep 23, 2021 // Markets & Finance News, USA, SEIA, North America, solar tariffs, South-East Asia, solar imports, A-SMACC, countervailing duties, customs duties, department of commerce
Huawei, Sungrow keep PV inverter market management as GoodWe climbs rankings
a 22% rise from 2020 which was mainly driven by solid growth in Europe, India and Latin America. Chinese manufacturer Growatt ended up third in WoodMac's
Jul 12, 2022 // Inverters, Sungrow, Wood Mackenzie, inverter, Huawei, GoodWe, inverter manufacturing
Amazon adds new projects to clean energy portfolio
firm's initial project in South America, along with its first solar farms in India as well as Poland. The 122MW solar farm in Brazil will certainly give
Sep 22, 2022 // Markets & Finance News, clean energy, Poland, India, Solar Panels, Amazon, South america, Europe, Brazil, Asia, solar farm