Mufin Green Finance to fund Rs 5 billion solar projects by 2026
Author: PPD Team Date: December 5, 2024
Author: PPD Team Date: December 5, 2024
Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector.
The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company.
Over the next two years, Mufin Green Finance aims to back 200,000 solar installations, contributing to India’s renewable energy goals and expanding access to clean energy.
Author: PPD Team Date: June 12, 2025 The Board of Directors of Orient Green Power Company Limited has approved an engineering, procurement and construction (EPC) contract with Remon Solutions Private Limited. The contract covers 7 MW/9.8 MWp capacity under the first phase of its solar project in Tiruttani taluk, Thiruvallur district, Tamil Nadu. The approval was granted on June 10, 2025. This capacity is part of a larger 25 MW/35 MWp project being developed under…
Author: PPD Team Date: January 6, 2025 Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global renewable energy company that operates across Europe and New Zealand. The company employs…
Author: PPD Team Date: November 6, 2024 Solar Industries India has received an order worth Rs 8.87 billion from Singareni Collieries Company (SCCL) to supply SME explosives, LDC explosives, and initiating systems for overburden blasting over two years. This contract bolsters Solar Industries’ position in the mining explosives market and adds to its order book for the coming two years. SCCL, one of India’s largest coal producers, is a government-owned mining corporation under the Department…
Author: PPD Team Date: November 21, 2024 NTPC Limited is setting up a one-tonne per day seawater-to-green hydrogen plant at its Simhadri facility near Visakhapatnam, Andhra Pradesh. Developed through its R&D centre, NETRA, the project will use a low-carbon desalination plant powered by waste heat from the thermal power plant’s flue gas. This innovative process will produce hydrogen-grade water from seawater at reduced costs. NTPC states that 12-13 kg of purified water is required to…
Author: PPD Team Date: August 14, 2025 US solar cell manufacturer First Solar has filed a lawsuit against Adani Group’s Mundra Solar PV Ltd (MSPVL) in a Delaware court, alleging infringement of two patented solar panel manufacturing technologies. The company has sought compensation but has not disclosed the amount. According to Mint, First Solar contacted the Adani Group on April 1, claiming the technologies had been copied. MSPVL denied the allegations and, on April 15,…
Author: PPD Team Date: December 11, 2024 Hitachi Energy has introduced Nostradamus AI, a cutting-edge artificial intelligence (AI)-powered energy forecasting solution. The solution leverages over 30 years of energy market data to provide utilities, power system operators, energy producers, and traders with highly accurate forecasts tailored to energy-specific use cases. Nostradamus AI is designed to be one of the first AI-driven forecasting tools specifically for the energy sector. It offers forecasts that are over 20%…