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Mufin Green Finance to fund Rs 5 billion solar projects by 2026
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…
Oben Electric raises $5.82 million in Series A funding
Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India…
Power Ministry amends bidding rules for renewable energy procurement
On June 25, 2025, the Ministry of Power issued amendments to the guidelines for Tariff Based Competitive Bidding (TBCB) for procuring power from grid-connected renewable energy projects. The revised norms apply to solar, wind, wind-solar hybrid, and firm dispatchable power projects with energy storage. The changes were shared through a formal communication to stakeholders, including…
Bajel Projects wins contract for 400kV Raipur Tiroda transmission line
Bajel Projects Ltd has been awarded an EPC contract by Adani Energy Solutions Ltd (AESL) for the construction of a 400kV double-circuit (D/C) transmission line, spanning 217 km to connect Raipur in Chhattisgarh to Tiroda in Maharashtra. The project will use Quad ACSR Moose conductors and is slated for completion within 18 months from the…
Neo Infra fund acquires SolarArise for Rs 1,400 crore
Neo Group’s flagship infrastructure fund, Neo Infra Income Opportunities Fund (NIIOF), has acquired SolarArise India Projects Pvt. Ltd from ThomasLloyd Energy Impact Trust for an enterprise value of Rs 1,400 crore, according to Mint. The deal adds 433.5 MWp of operational solar assets across Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana. NIIOF, a Securities…
Hexicon secures majority stake in 1.1 GW MunmuBaram wind project
Swedish clean technology company Hexicon has secured approval from the South Korean Electricity Regulatory Commission (KOREC) for the transfer of two of three electricity business licenses (EBLs) for the 1.1 GW MunmuBaram floating offshore wind project. This approval fulfils a key condition for finalizing the sale and purchase agreement (SPA) signed in February 2024 with…
