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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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Adani Green commissions 50 MW solar project at Khavda hybrid park

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Adani Renewable Energy Fifty Six Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has started commercial operations of a 50 MW solar power project on May 15, 2025. The project is part of the 30,000 MW Khavda Wind-Solar Hybrid Renewable Energy Power Park in the Rann of Kutch, Gujarat. The Khavda park includes 26,000 MW of solar and 4,000 MW of wind capacity. It is being developed by AGEL, with Gujarat Industries Power…

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Navlai Infra bags award for 37 MW solar projects in Maharashtra

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Navlai Infra has secured a Letter of Award worth Rs 1,697.5 million for setting up a total of 37 MW solar photovoltaic (PV) power projects. These will be installed at multiple locations along the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg (HHBTMSM) Expressway in Maharashtra. The award is part of the 250 MW solar PV project led by Mahasamruddhi Renewable Energy Limited (MREL), a special purpose vehicle of Maharashtra State Road Development Corporation Limited (MSRDC)….

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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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Cleantech Solar commissions 80 MWp open access projects in Tamil Nadu

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CSE Development (India) Private Limited commissioned 80 MWp of open access solar photovoltaic (PV) projects at its solar park in Tamil Nadu on May 8, 2025. The solar park has a total capacity of 275 MWp.   The power generated from these projects will be used on a captive basis by companies such as First Solar Power India Limited, DCW Limited, and Murugappa Morgan Thermal Ceramics Limited. The power helps these clients meet their manufacturing energy…

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Solex Energy wins Rs 4.5 billion solar module supply contract

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Solex Energy Limited has secured a contract worth Rs 4,514.09 million from KPI Green Energy Limited. The contract involves the supply of N-Type TOPCon Glass-to-Glass (G12R) solar photovoltaic (PV) modules with a rated capacity of 615 Wp. These modules will support the development of 310 MW solar PV projects in India. The agreement was finalised on May 7, 2025. Solex is expected to begin module deliveries from September 2025. The modules are reportedly intended for…

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NTPC re-invites bids for 500 MW solar projects in Gujarat

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NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has re-invited bids for an engineering, procurement, and construction (EPC) package to develop 500 MW of solar photovoltaic (PV) power projects in Gujarat’s Kutch district. The bid submission deadline is May 16, 2025. The projects will be split into two parts: a 275 MW solar PV project and a 225 MW solar PV project, both set to be part of the massive Khavda Renewable…

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Hero Future signs PPA with SECI for 270 MW solar project with storage

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Hero Future Energies (HFE) has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for setting up 270 MW of Inter-State Transmission System (ISTS)-connected solar power projects. The project will also include a 135 MW/540 MWh energy storage system (ESS) under Tranche-XVII, marking a significant step in India’s renewable energy efforts. In December 2024, HFE won the bid for the project by quoting a tariff of Rs 3.52 per…

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NLC signs PPA for 810 MW solar power project in Rajasthan

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NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for an 810 MW solar power project in Bikaner, Rajasthan. The agreement was finalized on May 6, 2025. This solar project is part of the 2,000 MW Pugal Solar Park, which is being developed by RRVUNL at multiple sites in Rajasthan, including Ramsar Chotta, Barala, and Bandarewala villages. The…

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NTPC commissions full 150 MW solar project in Gujarat

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NTPC Renewable Energy Limited has commenced commercial operations of the final 60 MW at Limbdi, Gujarat, under the 150 MW Gujarat Solar PV Project – Phase XII. With this, the full capacity of the project is now operational. The project, awarded under Phase XII of Gujarat Urja Vikas Nigam Limited (GUVNL), is spread across three sites. It includes 60 MW at Radhanpur in Patan district, 30 MW at Mesanka in Bhavnagar district, and the recently…