Mufin Green Finance to fund Rs 5 billion solar projects by 2026
Author: PPD Team Date: 05/12/2024
Author: PPD Team Date: 05/12/2024
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: 20/05/2025 Waaree Renewable Energy Technologies Limited, formerly known as Sangam Renewables Limited, has secured a Letter of Award (LoA) worth Rs 1,142.3 million. The contract covers engineering, procurement and construction (EPC) works for a cumulative 94 MW/131.6 MWp decentralised solar power project in Maharashtra. The award was granted on May 16, 2025, under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The project is part of Component C of the Pradhan…
Author: PPD Team Date: 06/11/2024 Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5…
Author: PPD Team Date: 01/05/2025 Adani Power Limited has reported a net profit of Rs 127.50 billion in 2024–25, a decline of 38.78 percent from Rs 208.29 billion recorded in the previous year. Total income fell 2.28 percent to Rs 589.06 billion in FY25 from Rs 602.81 billion in FY24. However, one source indicated a 10 percent growth in revenue during the period. The company posted a net profit of Rs 27.37 billion for the…
Author: PPD Team Date: 06/03/2025 India has launched trials for its first fleet of hydrogen-powered heavy-duty trucks. This initiative aligns with the National Green Hydrogen Mission (NGHM), which has been allocated Rs 197.44 billion to establish India as a leader in hydrogen production, storage, and application. Under this mission, the Indian government has already awarded 412,000 tonnes per annum of green hydrogen production and approved 3,000 MW of electrolyser manufacturing capacity annually. Additionally, seven pilot…
Author: PPD Team Date: 18/10/2024 Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with…
Author: PPD Team Date: 17/10/2024 Sumitomo Corporation, through its Sumitomo Corporation of Americas and Perennial Power Holdings, has partnered with CEP Solar to develop over 1.5GW of solar and battery storage assets in Virginia, US. This joint venture will combine CEP Solar’s local expertise with Sumitomo’s project finance capabilities, accelerating the expansion of renewable energy in the region. Construction is expected to begin in late 2025. Takuya Yoshizawa, president of Perennial Power Holdings, highlighted that…
Author: PPD Team Date: 20/05/2025 Waaree Renewable Energy Technologies Limited, formerly known as Sangam Renewables Limited, has secured a Letter of Award (LoA) worth Rs 1,142.3 million. The contract covers engineering, procurement and construction (EPC) works for a cumulative 94 MW/131.6 MWp decentralised solar power project in Maharashtra. The award was granted on May 16, 2025, under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The project is part of Component C of the Pradhan…
Author: PPD Team Date: 06/11/2024 Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5…
Author: PPD Team Date: 01/05/2025 Adani Power Limited has reported a net profit of Rs 127.50 billion in 2024–25, a decline of 38.78 percent from Rs 208.29 billion recorded in the previous year. Total income fell 2.28 percent to Rs 589.06 billion in FY25 from Rs 602.81 billion in FY24. However, one source indicated a 10 percent growth in revenue during the period. The company posted a net profit of Rs 27.37 billion for the…
Author: PPD Team Date: 06/03/2025 India has launched trials for its first fleet of hydrogen-powered heavy-duty trucks. This initiative aligns with the National Green Hydrogen Mission (NGHM), which has been allocated Rs 197.44 billion to establish India as a leader in hydrogen production, storage, and application. Under this mission, the Indian government has already awarded 412,000 tonnes per annum of green hydrogen production and approved 3,000 MW of electrolyser manufacturing capacity annually. Additionally, seven pilot…
Author: PPD Team Date: 18/10/2024 Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with…
Author: PPD Team Date: 17/10/2024 Sumitomo Corporation, through its Sumitomo Corporation of Americas and Perennial Power Holdings, has partnered with CEP Solar to develop over 1.5GW of solar and battery storage assets in Virginia, US. This joint venture will combine CEP Solar’s local expertise with Sumitomo’s project finance capabilities, accelerating the expansion of renewable energy in the region. Construction is expected to begin in late 2025. Takuya Yoshizawa, president of Perennial Power Holdings, highlighted that…
Author: PPD Team Date: 20/05/2025 Waaree Renewable Energy Technologies Limited, formerly known as Sangam Renewables Limited, has secured a Letter of Award (LoA) worth Rs 1,142.3 million. The contract covers engineering, procurement and construction (EPC) works for a cumulative 94 MW/131.6 MWp decentralised solar power project in Maharashtra. The award was granted on May 16, 2025, under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The project is part of Component C of the Pradhan…
Author: PPD Team Date: 06/11/2024 Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5…