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Blupine’s SPV signs 25-year solar PPA with SECI for 150 MW project in Rajasthan

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Blupine Energy’s special purpose vehicle, Solarcraft Power India 17 Private Limited, signed a power purchase agreement with the Solar Energy Corporation of India (SECI) on April 17, 2025. The agreement is valid for 25 years and covers the development of a 150 MW Inter-State Transmission System (ISTS) connected solar power project with energy storage in Bikaner, Rajasthan. The project is part of SECI’s Tranche-XVII tender. It includes a storage system to support grid stability and…

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BluPine Energy secures Rs 17.87 billion from NaBFID for renewable expansion

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BluPine Energy has secured Rs 17.87 billion in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The funds will be used to optimize financial structuring and support the company’s renewable energy expansion. The financing is structured around a restricted group of 14 special purpose vehicles (SPVs) located in Punjab, Uttarakhand, and Karnataka. These projects supply power to a mix of central and state off-takers. BluPine plans to utilize the funds to…