BluPine Energy secures Rs 6.65 billion for 120 MW solar project

BluPine Energy has achieved financial closure for its 120 MW solar project. Located in Gujarat, the project was secured through the Gujarat Urja Vikas Nigam Limited 16 tender. The project has received a total investment of Rs 6.65 billion, including green loan funding of Rs 5.11 billion from Standard Chartered Bank. The solar facility is expected to produce approximately 323,000 MWh of solar energy per year, reducing 296,000 tonnes of emissions and supplying electricity to roughly 270,000 households upon completion.