BluPine Sadla solar PV plant

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This project entails the development of a 120 MW solar project in Sadla, Gujarat. It is planned to generate 323 thousand MWh annualy and save approx. 296 thousand of CO2. The produced electricity will be sold to Gujarat Urja Vikas Nigam Ltd (GUVNL) under a power purchase agreement (PPA) for 25 years from the scheduled commercial operation date. Sponsor is BluPine Energy, fully owned by the UK-based Actis. A financing of INR 418 crore ($50.1 million) is secured by HDFC Bank in April, which marks the financial close of the project. https://energy.economictimes.indiatimes.com/news/renewable/blupine-energy-secures-financial-closure-for-120-mw-solar-project-in-sadla-gujarat/109683064 ; https://www.pv-magazine-india.com/2024/04/29/blupine-energy-reaches-financial-close-on-120-mw-solar-project-in-gujarat/ ; https://solarquarter.com/2024/04/29/blupine-energy-secures-financial-closure-for-120-mw-solar-project-in-sadla-gujarat/ https://energy.economictimes.indiatimes.com/news/renewable/blupine-energy-secures-financial-closure-for-120-mw-solar-project-in-sadla-gujarat/109683064 ; https://www.pv-magazine-india.com/2024/04/29/blupine-energy-reaches-financial-close-on-120-mw-solar-project-in-gujarat/ ; https://solarquarter.com/2024/04/29/blupine-energy-secures-financial-closure-for-120-mw-solar-project-in-sadla-gujarat/