BluPine Energy Commissions 120 MW Solar Project in Gujarat

BluPine Energy has successfully commissioned its 120 MW solar project in northern Gujarat, which includes a 70 MW solar plant at Radhanpur and a 50 MW solar plant at Nenava. The project achieved financial closure under the Gujarat Urja Vikas Nigam (GUVNL) tender, with green financing secured through Standard Chartered Bank.

The solar plants will deliver around 3.23 lakh MWh of solar energy annually, offsetting an estimated 2.96 lakh tonne of CO2 and providing power to around 2.7 lakh households. The project was completed in 18 months, with over 750 skilled and unskilled workers contributing to set up the plant, which spans 500 acres.

The electricity generated will be supplied to GUVNL under a 25-year Power Purchase Agreement (PPA). With the addition of this project, BluPine Energy has expanded its renewable energy (RE) capacity in Gujarat to 540 MW for solar and 290 MW for wind.

With an investment of USD 800 million from Actis’ Energy Fund 5, BluPine Energy is developing more than four GW in RE portfolio in India.