BluPine Energy

We are happy to announce the successful financial closure for our 120-MW #solarproject in Panshina and Radhanpur village of Gujarat under Gujarat Urja Vikas Nigam Ltd. (GUVNL). This milestone has been achieved through securing debt financing from State Bank of India, one of India’s largest banking and financial services organizations. The total sanctioned debt for this ambitious project amounts to INR 436 crores (USD 52.85 Million).  Neerav Nanavaty, CEO, said, "With this latest partnership, #BluPineEnergy continues to lead the charge in India's #renewableenergy sector. Achieving a total renewables capacity of 2.4GW, including 850 MW of #operational capacity across 27 sites in seven states, reflect our commitment to sustainable development and our ability to deliver clean energy solutions at scale. We thank our teams for their dedication and hard work, as well as our continuous focus on #innovation and #sustainability. We are proud to contribute to the nation’s renewable energy goals and remain committed to expanding our footprint and impact in the years to come." CPA, CMA Sanjeev Bhatia Bhatia, CFO, commented, "Securing financing from State Bank of India for our 120 MW solar project is a major advancement for us. This collaboration enhances our capacity to provide #cleanenergy solutions that support India’s expanding renewable energy initiatives. This project exemplifies how innovative financing can accelerate the transition to a more sustainable future."

In an article published in News 18 on the #UnionBudget2024, #energy sector #leaders are sharing their hopes for supportive policies and reforms. Our CEO Neerav Nanavaty emphasizes the critical need for increased support in the #renewablesector to foster #innovation and ensure successful #projectexecution.

We, at #BluPineEnergy, are celebrating a major #milestone this week with the signing of long-term PPA with internationally acclaimed Data Centre CtrlS Datacenters Ltd. Talking about the achievement, Rahul Mishra, Head of C&I says, "This partnership exemplifies BluPine Energy's commitment to being a dependable and trustworthy ally for C&I consumers aiming to achieve net-zero and carbon-neutral goals. Leveraging over 100 man-years of experience in the C&I sector, we are dedicated to working with stakeholders to create a supportive environment for C&I open-access projects across the country." Karan Mehra Actis

Welcoming, Mr. Ashish Agarwal, Head of Solar & Storage, BluPine Energy as speaker for the 'REconnect Summit 2024' Conference in Delhi, scheduled for 17 July 2024, at the Radisson Blu Plaza, Delhi Airport. He will shed light on Solar Rooftop Segment. We welcome Mr. Agarwal for coming onboard for the event. Looking forward to his insights. Registration Link for the Conference ➡ https://lnkd.in/dWA5F3W5 #solarenergy #renewableenergy #rooftopsolar #commercialandindustrial #energystorage #reconnect2024 #reconnectsummit2024 #event2024 #solarsolution #blupineenergy #conference #delhi #energeticaindia

In a recent article titled "Solar module availability, affordability issues persist post ALMM reinstatement" published in ET EnergyWorld, our Head of Solar & Storage, Ashish Agarwal, shared his insights on the current state of the market. Ashish mentioned, "It is too early to comment definitively on the impact of the #ALMM restoration on #domesticsupply and #pricing, as the deadline expired two months ago. However, within these two months, we have observed a significant increase in the number of orders received by domestic #module #manufacturers. There is already chatter among suppliers that if future capacities are not blocked soon, they may not be able to deliver on time as their factories are getting fully booked." #SolarEnergy #RenewableEnergy #Sustainability #ALMM #EnergyStorage #BluPineEnergy Read the article: https://bit.ly/4bI1cjo

Last Friday, we had a Town Hall that provided colleagues with an in-depth look at what's happening in the business, featuring insights from the leaders of all verticals. With many pieces of #goodnews on the horizon, the colleagues were highly #motivated after our CEO's session. Neerav shared that as we continue to grow, our success story is not an individual but a #collectiveeffort. It’s not just about over 150 #employees, but also our #partners, #contractors, #stakeholders, and everyone who believed in us, helping us achieve over 2.5GW of #renewable #portfolio. Continuing the session, our Head of HR, Manisha Nair, announced several upcoming #policies designed to support employee #careergrowth. She also shared exciting news about our Annual #Offsite, Synergize 2.0, scheduled for the end of the month. This event promises to be an excellent #opportunity for #teambuilding, #learning, and #celebrating our collective achievements.

We are proud to announce the completion of our #skilldevelopment initiative, upskilling 140 local youth in #Gujarat for the renewable energy sector. Certified under the Skill India program of National Skill Development Corporation, these students were trained and assessed by PROBE RESEARCH & SOCIAL DEVELOPMENT PRIVATE LIMITED Sumit Barat, Chief Sustainability Officer, emphasized the program's impact, noting the growing demand for a skilled workforce in India's renewable energy sector. With 12 GW added last year and 200 GW anticipated by 2030, addressing the skills gap is crucial. Our initiative helps bridge this gap and empowers local communities. Most students participated in a 2-month paid internship at a BluPine facility, gaining hands-on industry experience. PRSD, the implementation agency, will ensure their placement and monitor their career progress for a year to enhance employability. https://bit.ly/4cKPJAw

As India prepares for the #UnionBudget 2024-25, our CEO Neerav Nanavaty emphasizes the need for increased support in the #renewablesector. Investing in a skilled #workforce, implementing robust regulations for the C&I sector, and ensuring seamless integration of renewables into a resilient #grid are vital for driving #innovation and #sustainable growth. Read the feature in SolarQuarter #RenewableEnergy #UnionBudget2024 #Sustainability #BluPineEnergy

That's how we sweetly ended the month of June, celebrating our June-born #team members! 🎉 #birthdaycelebration #BluPineEnergy

TEASER: Rahul Mishra, VP and Head of the C&I Business in BluPine Energy talks to #SaurEnergy and shares his insights on several topics ranging from green energy #openaccess, India's energy transition, data centers, net-zero buildings, sectoral growth in the #C&I segment and the journey of the company till now and its future plans. Keep tuned for the full video interview. Full video interview coming soon-