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Blupine secures Rs 24.16 bn loan for FDRE project in Karnataka
Blupine Energy Private Limited has achieved financial closure for its 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka. The company has secured debt funding worth Rs 24.16 billion from Standard Chartered Bank. Standard Chartered served multiple roles in the transaction. It was the mandated lead arranger, lender, sole green coordinator, and…
GK Energy secures Rs 48 crore rooftop solar order
GK Energy Limited has received an allotment for 10 MW of rooftop solar projects valued at Rs 48.02 crore, inclusive of GST. The order covers proposed rooftop solar installations at 1,150 locations across India and has been awarded by a distribution company. Order details The contract comprises one-time rooftop solar installations and is domestic in…
PFC transfers Angul Sundargarh transmission project to HG Infra
Power Finance Corporation Ltd (PFC) has transferred its subsidiary, Angul Sundargarh Transmission Ltd, to HG Infra Engineering Ltd. Angul Sundargarh Transmission Ltd is a special purpose vehicle (SPV) for the Eastern Region Generation Scheme-I (ERGS-I), a central transmission project. The handover was completed on July 28, 2025, under a signed Share Purchase Agreement. The selection…
MNRE eases ALMM norms for higher wattage solar PV modules
The Ministry of New and Renewable Energy (MNRE) has issued an Office Memorandum introducing relaxed provisions for the inclusion of higher wattage solar photovoltaic (PV) modules in the Approved List of Models and Manufacturers (ALMM), subject to specified conditions. Under the revised guidelines, solar PV module manufacturers may enlist higher wattage models with up to…
India to launch Critical Mineral Mission in 2025
India is set to launch its Critical Mineral Mission in 2025, an initiative to secure essential minerals for the country’s green energy transition and electric vehicle (EV) sector growth. This mission will bring together multiple ministries, industries, research institutions, and global think tanks to ensure a sustainable supply of critical minerals like lithium and cobalt….
Tata Power Odisha discoms launch 1 kW rooftop solar scheme
Tata Power-led Odisha discoms have launched a one-kilowatt rooftop solar scheme under the Utility-Led Aggregation (ULA) Model of the PM Surya Ghar Muft Bijli Yojana. The scheme enables households to adopt rooftop solar at a reduced upfront cost of Rs 5,000 against the standard Rs 65,000-Rs 75,000. Central and state subsidies of Rs 30,000 and…
