BluPine Panshina and Radhanpur Solar PV Plants (120MW)

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This project entails the the construction of 120 MW solar power plants in the villages of Panshina and Radhanpur and is developed by BluPine Energy. The project, awarded through an auction by Gujarat Urja Vikas Nigam Ltd (GUVNL), has secured financial backing with a loan of INR 436 crore ($52.13 million) from the State Bank of India. Once operational, the plant is expected to generate approximately 298,000 MWh of electricity annually, offsetting around 270,000 tonnes of CO2 emissions each year. The generated electricity will supply power to approximately 270,000 households, supporting the region’s energy needs. BluPine Energy has entered into a 25-year Power Purchase Agreement (PPA) with GUVNL to deliver the electricity produced by the plant. Financial approval has taken place on July 22, 2024. https://energy.economictimes.indiatimes.com/news/renewable/blupine-energy-secures-financial-closure-for-120-mw-solar-project-in-gujarat/111921960; https://www.saurenergy.com/solar-energy-news/blupine-energy-secures-financial-closure-for-gujarat-solar-project https://energy.economictimes.indiatimes.com/news/renewable/blupine-energy-secures-financial-closure-for-120-mw-solar-project-in-gujarat/111921960; https://www.saurenergy.com/solar-energy-news/blupine-energy-secures-financial-closure-for-gujarat-solar-project