Blupine secures Rs 24.16 bn loan for FDRE project in Karnataka
Author: PPD Team Date: 25/06/2025
Author: PPD Team Date: 25/06/2025
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 account bank.
Blupine’s project will comprise 120 MW of solar, 211.2 MW of wind, and a 176 MWh battery energy storage system (BESS). The site is located in Aland, Kalaburagi district.
The project is expected to be commissioned by May 2026. Once operational, it is projected to offset about 687,043 tonnes of carbon emissions each year.
Author: PPD Team Date: 30/10/2024 QatarEnergy has partnered with TotalEnergies to develop a 1.25 GW (peak) solar photovoltaic (PV) project in Iraq’s Basra region. Awaiting regulatory approvals, QatarEnergy and TotalEnergies will each hold a 50% stake in the solar facility, which ranks among the world’s largest solar projects. Equipped with two million bifacial solar panels and single-axis trackers, the project is set to provide clean energy to Iraq’s local electricity grid, powering approximately 350,000 homes…
Author: PPD Team Date: 23/06/2025 Hindustan Power has received a Letter of Intent (LoI) from Bihar State Power Generation Company Limited (BSPGCL) to develop a 120 MWh standalone battery energy storage system (BESS). The project was awarded through tariff-based competitive bidding. The storage capacity will be distributed across three substations in Bihar—Bhagalpur, Udakishanganj, and Sitamarhi—with 40 MWh installed at each site. The initiative is part of the Union Ministry of New and Renewable Energy’s approved…
Author: PPD Team Date: 19/02/2025 Shakti Pumps Limited has invested Rs 390 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 4 million equity shares of face value Rs 10 each. The subsidiary will focus on manufacturing, processing, trading, and distributing EV motors and charger controllers. Shakti EV Mobility, incorporated in December 2021, aims to drive innovation and meet the growing demand for EV components, as automakers focus…
Author: PPD Team Date: 09/07/2025 The Institution of Engineering and Technology (IET) has launched two new Centres of Excellence (CoEs) focused on green hydrogen and electric vehicle (EV) technologies. Both centres operate entirely on renewable energy generated onsite, combining solar, wind, and battery storage to ensure uninterrupted power. The green hydrogen centre features a microgrid with solar panels and wind turbines that directly power electrolysers. This setup allows for zero-emissions hydrogen production and offers a…
Author: PPD Team Date: 18/11/2024 Jakson Green, in collaboration with NTPC, has synthesized methanol from carbon dioxide captured at NTPC’s Vindhyachal Thermal Power Plant in Madhya Pradesh. The project, led by NTPC’s R&D unit, NETRA, captures CO2 directly from flue gas emissions and converts it into methanol, a clean fuel for power generation and transportation. This achievement marks the first instance of methanol production from captured carbon in India and is part of Jakson Green’s…
Author: PPD Team Date: 23/06/2025 Siemens Energy India Ltd (SEIL) was officially listed on BSE Ltd and the National Stock Exchange of India Ltd on June 19, 2025, completing the demerger of Siemens Ltd’s energy business. With this listing, SEIL begins operating as an independent entity with a focus on transparency, agility, and strategic alignment to India’s fast-evolving energy sector. SEIL employs over 4,200 professionals and operates ten manufacturing units and eleven regional offices across…
Author: PPD Team Date: 30/10/2024 QatarEnergy has partnered with TotalEnergies to develop a 1.25 GW (peak) solar photovoltaic (PV) project in Iraq’s Basra region. Awaiting regulatory approvals, QatarEnergy and TotalEnergies will each hold a 50% stake in the solar facility, which ranks among the world’s largest solar projects. Equipped with two million bifacial solar panels and single-axis trackers, the project is set to provide clean energy to Iraq’s local electricity grid, powering approximately 350,000 homes…
Author: PPD Team Date: 23/06/2025 Hindustan Power has received a Letter of Intent (LoI) from Bihar State Power Generation Company Limited (BSPGCL) to develop a 120 MWh standalone battery energy storage system (BESS). The project was awarded through tariff-based competitive bidding. The storage capacity will be distributed across three substations in Bihar—Bhagalpur, Udakishanganj, and Sitamarhi—with 40 MWh installed at each site. The initiative is part of the Union Ministry of New and Renewable Energy’s approved…
Author: PPD Team Date: 19/02/2025 Shakti Pumps Limited has invested Rs 390 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 4 million equity shares of face value Rs 10 each. The subsidiary will focus on manufacturing, processing, trading, and distributing EV motors and charger controllers. Shakti EV Mobility, incorporated in December 2021, aims to drive innovation and meet the growing demand for EV components, as automakers focus…
Author: PPD Team Date: 09/07/2025 The Institution of Engineering and Technology (IET) has launched two new Centres of Excellence (CoEs) focused on green hydrogen and electric vehicle (EV) technologies. Both centres operate entirely on renewable energy generated onsite, combining solar, wind, and battery storage to ensure uninterrupted power. The green hydrogen centre features a microgrid with solar panels and wind turbines that directly power electrolysers. This setup allows for zero-emissions hydrogen production and offers a…
Author: PPD Team Date: 18/11/2024 Jakson Green, in collaboration with NTPC, has synthesized methanol from carbon dioxide captured at NTPC’s Vindhyachal Thermal Power Plant in Madhya Pradesh. The project, led by NTPC’s R&D unit, NETRA, captures CO2 directly from flue gas emissions and converts it into methanol, a clean fuel for power generation and transportation. This achievement marks the first instance of methanol production from captured carbon in India and is part of Jakson Green’s…
Author: PPD Team Date: 23/06/2025 Siemens Energy India Ltd (SEIL) was officially listed on BSE Ltd and the National Stock Exchange of India Ltd on June 19, 2025, completing the demerger of Siemens Ltd’s energy business. With this listing, SEIL begins operating as an independent entity with a focus on transparency, agility, and strategic alignment to India’s fast-evolving energy sector. SEIL employs over 4,200 professionals and operates ten manufacturing units and eleven regional offices across…
Author: PPD Team Date: 30/10/2024 QatarEnergy has partnered with TotalEnergies to develop a 1.25 GW (peak) solar photovoltaic (PV) project in Iraq’s Basra region. Awaiting regulatory approvals, QatarEnergy and TotalEnergies will each hold a 50% stake in the solar facility, which ranks among the world’s largest solar projects. Equipped with two million bifacial solar panels and single-axis trackers, the project is set to provide clean energy to Iraq’s local electricity grid, powering approximately 350,000 homes…
Author: PPD Team Date: 23/06/2025 Hindustan Power has received a Letter of Intent (LoI) from Bihar State Power Generation Company Limited (BSPGCL) to develop a 120 MWh standalone battery energy storage system (BESS). The project was awarded through tariff-based competitive bidding. The storage capacity will be distributed across three substations in Bihar—Bhagalpur, Udakishanganj, and Sitamarhi—with 40 MWh installed at each site. The initiative is part of the Union Ministry of New and Renewable Energy’s approved…