BluPine Energy has commissioned it’s first 120 MW solar project in Gujarat which comprises of a 70 MW plant at Radhanpur and a 50 MW plant at Nenava.
The project is expected to generate approximately 0.32 million MWh of electricity annually, which will help reduce carbon dioxide emissions by around 0.3 million tonnes. The company achieved financial closure under the Gujarat Urja Vikas Nigam Limited (GUVNL) tender, securing green financing from Standard Chartered Bank. The project was completed in 18 months and will supply electricity to GUVNL under a 25-year power purchase agreement.