Arctech secures 2.3 GW solar trackers in Saudi Arabia
Author: PPD Team Date: 28/10/2024
Author: PPD Team Date: 28/10/2024
Arctech has signed a major supply agreement with China Energy Engineering Group Co., Ltd. to provide 2.3 GW of its 1P single-axis solar tracker system, SkyLine II, for the PIF4-Haden project owned by ACWA Power. This project, supporting Saudi Vision 2030, is expected to reach commercial operations by early 2027.
SkyLine II’s innovative synchronous multi-point drive mechanism enables it to operate effectively in the strong winds typical of the desert site. Its modular design allows flexible scaling within a single system, optimizing land use and reducing installation costs.
Arctech specializes in intelligent solar trackers, fixed-tilt structures, and building-integrated photovoltaics (BIPV) for utility-scale and commercial projects. Its portfolio includes solar tracking systems (2P SkySmart II, 1P SkyLine II), fixed-tilt structures, and BIPV solutions such as Smart Rooftop, Dual Rooftop, Ruiding, and Solar Carport solutions.
Author: PPD Team Date: 11/12/2024 Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71 per kWh,…
Author: PPD Team Date: 12/09/2024 Grew Energy has signed a module supply agreement with BluPine Energy Private Limited for a solar project in Banaskantha, Gujarat. Grew Energy will provide BluPine with advanced TOPCON modules, commonly used in commercial and industrial solar power projects. In May 2024, Grew Energy announced plans to build a fully backward-integrated manufacturing plant in Kathua, Jammu & Kashmir, with an investment of Rs 4.5 billion. BluPine Energy, which has a 4…
Author: PPD Team Date: 15/05/2025 Sungrow has secured a contract from Juniper Green Energy Private Limited to supply inverters for 835 MW of solar power projects in Rajasthan and Maharashtra. The contract was awarded on May 15, 2025. Under the agreement, Sungrow will supply its SG320HX-20 (300 kW) string inverters and SG4400UD-20 (4.4 MW) central inverters. These inverters will be deployed across multiple project sites. In Rajasthan, the projects are located in Fatehgarh and Bhadla….
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…
Author: PPD Team Date: 12/03/2025 Adani Solar Energy AP Eight Private Limited, a special purpose vehicle (SPV) of Adani Green Energy Limited (AGEL), commissioned the 250 MW Kadapa Grid-Connected Solar PV Power Project in Andhra Pradesh on March 8, 2025. The project originated from a 2018 auction conducted by the Solar Energy Corporation of India (SECI) under the National Solar Mission (NSM) Phase II, Batch IV, Tranche XV. SB Energy initially won the bid for…
Author: PPD Team Date: 30/12/2024 KEC International Ltd has transferred its cables business to KEC Asian Cables Ltd (KACL), a subsidiary, via a slump sale on a going-concern basis. A business transfer agreement (BTA) was executed on December 30, 2024. KACL will pay Rs 1.25 billion to KEC International for the slump sale. KEC International holds a 95% equity stake in KACL, with the remaining 5% owned by KEC Power India Pvt Ltd (KPIPL), a…
Author: PPD Team Date: 11/12/2024 Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71 per kWh,…
Author: PPD Team Date: 12/09/2024 Grew Energy has signed a module supply agreement with BluPine Energy Private Limited for a solar project in Banaskantha, Gujarat. Grew Energy will provide BluPine with advanced TOPCON modules, commonly used in commercial and industrial solar power projects. In May 2024, Grew Energy announced plans to build a fully backward-integrated manufacturing plant in Kathua, Jammu & Kashmir, with an investment of Rs 4.5 billion. BluPine Energy, which has a 4…
Author: PPD Team Date: 15/05/2025 Sungrow has secured a contract from Juniper Green Energy Private Limited to supply inverters for 835 MW of solar power projects in Rajasthan and Maharashtra. The contract was awarded on May 15, 2025. Under the agreement, Sungrow will supply its SG320HX-20 (300 kW) string inverters and SG4400UD-20 (4.4 MW) central inverters. These inverters will be deployed across multiple project sites. In Rajasthan, the projects are located in Fatehgarh and Bhadla….
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…
Author: PPD Team Date: 12/03/2025 Adani Solar Energy AP Eight Private Limited, a special purpose vehicle (SPV) of Adani Green Energy Limited (AGEL), commissioned the 250 MW Kadapa Grid-Connected Solar PV Power Project in Andhra Pradesh on March 8, 2025. The project originated from a 2018 auction conducted by the Solar Energy Corporation of India (SECI) under the National Solar Mission (NSM) Phase II, Batch IV, Tranche XV. SB Energy initially won the bid for…
Author: PPD Team Date: 30/12/2024 KEC International Ltd has transferred its cables business to KEC Asian Cables Ltd (KACL), a subsidiary, via a slump sale on a going-concern basis. A business transfer agreement (BTA) was executed on December 30, 2024. KACL will pay Rs 1.25 billion to KEC International for the slump sale. KEC International holds a 95% equity stake in KACL, with the remaining 5% owned by KEC Power India Pvt Ltd (KPIPL), a…
Author: PPD Team Date: 11/12/2024 Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71 per kWh,…
Author: PPD Team Date: 12/09/2024 Grew Energy has signed a module supply agreement with BluPine Energy Private Limited for a solar project in Banaskantha, Gujarat. Grew Energy will provide BluPine with advanced TOPCON modules, commonly used in commercial and industrial solar power projects. In May 2024, Grew Energy announced plans to build a fully backward-integrated manufacturing plant in Kathua, Jammu & Kashmir, with an investment of Rs 4.5 billion. BluPine Energy, which has a 4…