BluPine Energy secures funding for 100 MW solar project in Gujarat

Solarcraft Power India 5, a BluPine Energy unit, has closed a ₹376 crore green loan from Standard Chartered for a 100 MW solar project in Tharad, Gujarat.

By Nandini Yelabaka 12 May 2025 in Project Bytes

New Update

The 100 MW Tharad solar project has planned commissioning by H1 2026 under a PPA and financial closure is now completed. Image Credit/Source: mrganso/ Pixabay

Solarcraft Power India 5, a subsidiary of BluPine Energy, has secured a ₹376 crore (~ $45 million) green loan from Standard Chartered to develop a 100 MW solar power project in Tharad, Gujarat. The project has achieved financial closure and is scheduled for commissioning in the first half of 2026, as outlined in its Power Purchase Agreement. BluPine Energy, backed by Actis through its $800 million Energy Fund 5, is building a clean energy portfolio exceeding 4 GW across India.

#TharadProject #SolarcraftPower #StandardChartered #BluPineEnergy

Advertisment {'id': '6821fdb3cdc9b07adc6cfe0c', 'source_name': 'Economic Times', 'source_link': 'https://economictimes.indiatimes.com/industry/renewables/blupine-energy-to-raise-rs-376-cr-debt-for-solar-project-in-gujarat/articleshow/121103445.cms?from=mdr', 'contact_name': 'BluPine Energy', 'contact_email': '[email protected]'}

Advertisment

Scan to join our channel