Author: PPD Team Date: 22/10/2024
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Adani Green finds no irregularities in internal review of US bribery charges
Author: PPD Team Date: 01/05/2025 Adani Green Energy has announced that its independent review into the US indictment of its founder and senior executives has found no evidence of non-compliance or irregularities. In a filing to the stock exchange, the company stated that it had appointed independent law firms to conduct a thorough review of the allegations. This review aimed to assess whether there were any non-compliances related to the case. The result of the…
Orient Solar plans capacity expansion to 2 GW by mid-2025
Author: PPD Team Date: 27/11/2024 Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.
Four firms win bids for 1,200 MW ISTS-connected hybrid project
Author: PPD Team Date: 20/03/2025 On March 18, 2025, four firms secured bids to develop the 1,200 MW Inter State Transmission System (ISTS)-connected wind-solar hybrid project (NTPC-03) across India. NLC India Limited won the largest share, securing 450 MW at a tariff of Rs 3.35 per kWh. EG Solwin Renewables Private Limited (Enfinity Global) won 300 MW at the same tariff. Welspun New Energy Limited (Welspun Energy Limited) secured 250 MW, also at Rs 3.35…
Elcogen secures €24.9 million EU grant for hydrogen tech expansion
Author: PPD Team Date: 13/11/2024 Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of…
Goa plans Rs 11 billion investment in Verna, Tuem, and Kundaim substations
Author: PPD Team Date: 21/05/2025 The Electricity Department of Goa is planning to develop three new substations at Verna, Tuem, and Kundaim over the next five years. The estimated investment across these projects is Rs 11 billion. The substations are expected to be built at a cost of Rs 4 billion each in Verna and Tuem, and Rs 3 billion in Kundaim. The projects will be taken up sequentially, with the first substation likely to…
Pertamina NRE acquires 20% stake in CREC for $115 million
Author: PPD Team Date: 17/01/2025 Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of an Indonesian State-Owned Enterprise, has signed a share subscription agreement with Citicore Renewable Energy Corporation (CREC). Pertamina NRE will acquire a 20% stake in CREC by subscribing to 2,232,143,036 common shares at PhP 3.00 per share, amounting to approximately $115 million. This partnership gives Pertamina NRE access to CREC’s expertise in engineering, procurement, and construction (EPC) while supporting CREC’s regional…
Adani Green finds no irregularities in internal review of US bribery charges
Author: PPD Team Date: 01/05/2025 Adani Green Energy has announced that its independent review into the US indictment of its founder and senior executives has found no evidence of non-compliance or irregularities. In a filing to the stock exchange, the company stated that it had appointed independent law firms to conduct a thorough review of the allegations. This review aimed to assess whether there were any non-compliances related to the case. The result of the…
Orient Solar plans capacity expansion to 2 GW by mid-2025
Author: PPD Team Date: 27/11/2024 Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.
Four firms win bids for 1,200 MW ISTS-connected hybrid project
Author: PPD Team Date: 20/03/2025 On March 18, 2025, four firms secured bids to develop the 1,200 MW Inter State Transmission System (ISTS)-connected wind-solar hybrid project (NTPC-03) across India. NLC India Limited won the largest share, securing 450 MW at a tariff of Rs 3.35 per kWh. EG Solwin Renewables Private Limited (Enfinity Global) won 300 MW at the same tariff. Welspun New Energy Limited (Welspun Energy Limited) secured 250 MW, also at Rs 3.35…
Elcogen secures €24.9 million EU grant for hydrogen tech expansion
Author: PPD Team Date: 13/11/2024 Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of…
Goa plans Rs 11 billion investment in Verna, Tuem, and Kundaim substations
Author: PPD Team Date: 21/05/2025 The Electricity Department of Goa is planning to develop three new substations at Verna, Tuem, and Kundaim over the next five years. The estimated investment across these projects is Rs 11 billion. The substations are expected to be built at a cost of Rs 4 billion each in Verna and Tuem, and Rs 3 billion in Kundaim. The projects will be taken up sequentially, with the first substation likely to…
Pertamina NRE acquires 20% stake in CREC for $115 million
Author: PPD Team Date: 17/01/2025 Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of an Indonesian State-Owned Enterprise, has signed a share subscription agreement with Citicore Renewable Energy Corporation (CREC). Pertamina NRE will acquire a 20% stake in CREC by subscribing to 2,232,143,036 common shares at PhP 3.00 per share, amounting to approximately $115 million. This partnership gives Pertamina NRE access to CREC’s expertise in engineering, procurement, and construction (EPC) while supporting CREC’s regional…
Adani Green finds no irregularities in internal review of US bribery charges
Author: PPD Team Date: 01/05/2025 Adani Green Energy has announced that its independent review into the US indictment of its founder and senior executives has found no evidence of non-compliance or irregularities. In a filing to the stock exchange, the company stated that it had appointed independent law firms to conduct a thorough review of the allegations. This review aimed to assess whether there were any non-compliances related to the case. The result of the…
Orient Solar plans capacity expansion to 2 GW by mid-2025
Author: PPD Team Date: 27/11/2024 Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.