Saatvik Green wins 200 MW solar module contract from MAHAGENCO
Author: PPD Team Date: October 15, 2024
Author: PPD Team Date: October 15, 2024
Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2 billion.
With a module manufacturing capacity of 3.8 GW as of FY24-25, Saatvik is strategically expanding and developing PV modules with advanced zero-busbar and 24-busbar technology. The company is also exploring investments in electrolyser and battery manufacturing.
Author: PPD Team Date: September 22, 2025 The Securities and Exchange Board of India (SEBI) has closed its inquiry into Adani Power Limited and other Adani Group firms without penalty, concluding that allegations of irregular loan transactions were not established. The case originated from claims in the Hindenburg Research report published in January 2023. SEBI issued two final orders on September 18, 2025, disposing of show-cause notices issued in January 2024 to Adani Ports and…
Author: PPD Team Date: September 10, 2025 GPS Renewables and its subsidiary Proweps have partnered with Biogastechnik Süd GmbH (BGTS) to bring Varibull paddle agitators to the Indian market. The collaboration is aimed at improving the efficiency of biogas plants and reducing costs for compressed biogas (CBG) developers. As part of the arrangement, GPS Renewables will integrate BGTS’s paddle agitator technology into its turnkey plant solutions and OptiMaxx equipment portfolio. The agitators will be manufactured…
Author: PPD Team Date: November 24, 2025 GameChange Solar will scale its transformer manufacturing capacity in India by about six times through its new subsidiary, GameChange BOS. The expansion targets growing global demand and a stronger position in the domestic market. The company recently opened its first medium voltage transformer plant in Taloja, Maharashtra. The greenfield facility can produce 1,800 to 2,000 units a year and is described as the largest in its category. Executive…
Author: PPD Team Date: February 2, 2025 Official extract from finance minister Nirmala Sitharaman’s budget speech 1. Nuclear Energy: Scaling Capacity and Private Partnerships The Budget prioritizes nuclear energy as a cornerstone of India’s long-term energy transition. Finance Minister Nirmala Sitharaman stated: “Development of at least 100 GW of nuclear energy by 2047 is essential for our energy transition efforts. For an active partnership with the private sector towards this goal, amendments to the Atomic Energy Act and the Civil…
Author: PPD Team Date: May 20, 2025 Seven companies have been shortlisted to bid for two major power projects in Oman, valued at OR880 million (US$2.28 billion). The tender process is being overseen by Nama Power and Water Procurement Company, the country’s sole buyer of power and water. The shortlisted firms include ACWA Power (Saudi Arabia), Korea Western Power, Marubeni Corporation (Japan), Nebras Power (Qatar), and others from the United Arab Emirates, China, and South…
Author: PPD Team Date: November 29, 2024 On 27 November 2024, NHPC signed a power sale agreement (PSA) with Uttar Pradesh Power Corporation Limited (UPPCL) for the supply of 1,280 MW of Firm and Dispatchable Renewable Energy (FDRE). The agreement, formalized in Lucknow, is part of the Ministry of New and Renewable Energy’s (MNRE) Renewable Energy Implementing Agency (REIA) scheme. FDRE combines renewable energy benefits with grid stability to ensure consistent dispatch and availability. Under…