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Zelestra locks €146.6m to build six solar projects in Spain

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Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead arrangers, issuing banks, and hedging providers. BNP Paribas also took on the role of green loan coordinator. The Belinchón cluster,…

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Blupine secures Rs 3.76 billion for 100 MW solar project in Gujarat

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Blupine Energy Private Limited has achieved financial closure for its 100 MW grid-connected solar power project under Gujarat Urja Vikas Nigam Limited (GUVNL) Phase XXII. The project will come up in Tharad, Banaskantha, Gujarat. The company secured Rs 3.76 billion in debt financing from Standard Chartered Bank for the project. Blupine is executing the project through its wholly-owned subsidiary, Solarcraft Power India 5 Private Limited. In February 2024, the subsidiary secured 50 MW base capacity…

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West Bengal approves 100 MW solar project under Ramnagar II phase-II

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The West Bengal Cabinet has approved a 100 MW solar power project in West Medinipur district. The project will be developed under Phase-II of the 212.5 MW Ramnagar II Solar PV Project. It is located at Goaltore in Garbeta-II Block of West Medinipur. Phase-I of the project, with a capacity of 112.5 MW, has already been commissioned. The estimated cost for Phase-II is Rs 6,800 million. Of this, Rs 2,050 million (30 per cent) will…

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Cubico reaches financial close for Wambo wind farm in Queensland

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Cubico Sustainable Investments has achieved financial close for the Wambo wind farm project in Queensland, Australia. The project comprises the 252MW Stage I and 254MW Stage II wind farms. Two separate five-year project finance facilities, totalling A$650m ($412m), have been secured. The funding comes from a consortium of banks, including ANZ, Crédit Agricole, ING, NAB, and Westpac. ANZ is also providing bank guarantee facilities, while NAB acts as the agent, security trustee, and account bank….