BluPine Energy has announced the financial closure for its 120 MW solar project in Panshina and Radhanpur village of Gujarat under Gujarat Urja Vikas Nigam Limited.
The company has secured debt financing from State Bank of India (SBI). The total sanctioned debt for this project amounts to Rs 4.36 billion. Once operational, the plant is expected to generate approximately 298,000 MWh of energy annually, offsetting an estimated 270,000 tonnes of CO2 emissions each year and supplying power to around 270,000 households.