Blupine Energy secures Rs 5.11 bn green loan for Gujarat solar venture

BluPine Energy Secures Gujarat Solar Project

BluPine Energy, a leading player in the renewable energy sector, has clinched a significant solar project in Gujarat, India. This accomplishment underscores BluPine's commitment to advancing sustainable energy solutions and contributing to India's renewable energy targets. The project, situated in the vibrant solar energy landscape of Gujarat, marks a strategic move for BluPine, positioning the company to leverage the state's conducive environment for solar energy development.

Gujarat, renowned for its abundant sunlight and progressive policies, has emerged as a prime destination for s..

BluPine acquires solar assets from Acme Group

Renewable energy player BluPine Energy said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 MW of solar capacity power assets are spread across Uttarakhand, Punjab, and Karnataka and augment its total renewable capacity to 2.4 GW, BluPine Energy said in a statement.

Neerav Nanavaty, CEO of BluPine Energy, said, "The renewable energy sector in India continues to witness remarkable growth. We have high-quality solar assets in our portfolio, further solidifying our commitment to driving positive change in India's energy sector."

BluPine Energ..

Gujarat assigns 500 MW solar projects in phase 12 auction

The Gujarat Urja Vikas Nigam (GUVNL) has declared the allocation of 500 MW grid-connected solar power projects in Phase XXII auction, utilising the greenshoe option at the lowest quoted tariff of Rs 2.63 (~$0.0316)/kWh.

The projects were granted to the successful bidders from the initial auction, with capacities remaining unchanged. SJVN Green Energy, a wholly owned subsidiary of SJVN, secured 100 MW through the greenshoe option.

Per information from Mercom sources, the remaining greenshoe option capacity was distributed to Hinduja Renewables Energy (140 MW), Avaada Energy (100..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..