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