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.

Similar Posts

|

Skipper secures Rs 13.18 billion in new orders in Q3 FY25

By

Author: PPD Team Date: 14/02/2025 Skipper Ltd received new orders worth Rs 13.18 billion in Q3 FY25 (October to December), bringing the total order inflows for the fiscal year to Rs 37.43 billion. The company secured significant contracts from Power Grid Corporation of India Ltd (PGCIL), state electricity boards, and private transmission service providers. As of December 31, 2024, Skipper’s outstanding order book stood at Rs 63.54 billion, with 89% of the orders from domestic…

|

Georgia Power secures $160 million DOE grant for grid enhancement

By

Author: PPD Team Date: 24/10/2024 Georgia Power has received $160 million from the US Department of Energy (DOE) under the Grid Resilience and Innovation Partnerships (GRIP) programme to enhance the resilience and efficiency of Georgia’s power grid.  This funding, part of the Bipartisan Infrastructure Law, aims to lower investment costs for customers and boost grid flexibility, ensuring communities have reliable and affordable electricity. The grant will support various projects across Georgia, aiding the state’s transition…

|

US imposes preliminary antidumping tariffs on Southeast Asian solar imports

By

Author: PPD Team Date: 04/12/2024 The US Department of Commerce has announced preliminary antidumping tariffs ranging from 21.31% to 271.28% on crystalline solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam.   China’s JinkoSolar will face tariffs of 21.31% on products from Malaysia and 56.51% from Vietnam. Trina Solar products will incur 77.85% tariffs from Thailand and 54.46% from Vietnam.  These measures are part of antidumping and countervailing duty investigations initiated by the American Alliance for…

|

HydroWing and PLN to develop Indonesia’s first tidal energy plant

By

Author: PPD Team Date: 05/11/2024 HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project.  The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at accelerating tidal energy development in…

|

MNRE launches ‘Innovative Projects’ scheme under PM-Surya Ghar

By

Author: PPD Team Date: 15/10/2024 The Ministry of New and Renewable Energy (MNRE) has introduced Scheme Guidelines for ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana, as notified on October 8, 2024. This initiative aims to foster advancements in rooftop solar technologies, business models, and integration techniques with a budget of Rs 50 billion. The scheme will support startups, institutions, and industries in piloting new concepts such as blockchain-based peer-to-peer solar trading, smart materials,…

|

NGCP energises 230 kV Cebu–Bohol interconnection project

By

Author: PPD Team Date: 09/12/2024 The National Grid Corporation of the Philippines (NGCP) has energised the 230 kV Cebu–Bohol interconnection project (CBIP).  The 1.2 GW interconnection will enhance grid stability across Central Visayas, covering the islands of Bohol and Cebu. CBIP Line 1 was energised in July, followed by the full activation of Line 2 in September 2024.  The project involved a 54.6 km submarine cable crossing the Bohol Strait and 97.6 km of overhead…

Leave a Reply

Your email address will not be published. Required fields are marked *