AMPIN Energy partners with Varroc, secures 27 MWp solar project
Author: PPD Team Date: October 29, 2024
Author: PPD Team Date: October 29, 2024
AMPIN Energy Transition has signed an agreement with Varroc Group for an additional 27 MWp solar power project in Maharashtra, building on earlier solar installations across Maharashtra, Karnataka, Uttar Pradesh, and Tamil Nadu.
This new capacity brings Varroc’s total contracted solar power with AMPIN to over 60 MWp, enabling the Group to source around 70% of its energy needs from renewable sources. The shift is expected to reduce energy costs by approximately 45% across Varroc’s manufacturing facilities in Maharashtra.
The 27 MWp project is also set to lower Varroc Group’s carbon footprint, mitigating an estimated 35,500 tonnes of CO₂ emissions annually through sustainable practices. Utilizing its solar park in Maharashtra, AMPIN reinforces its role in the renewable energy sector, aiming to be a preferred energy transition partner for clients.
Author: PPD Team Date: February 26, 2025 Madhya Pradesh has signed multiple Memorandums of Understanding (MoUs) with key energy companies at the Global Investors Summit 2025, securing investments across renewable energy, pumped storage, and other infrastructure projects. These include: SECI: The Solar Energy Corporation of India Limited (SECI) signed an MoU with the state government to develop a 200 MW solar project in Dhar and a 1,000 MWh battery storage project. SECI has proposed a…
Author: PPD Team Date: February 16, 2026 NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO) to jointly develop thermal and renewable energy projects. The agreement is intended to meet NALCO’s long-term power requirements through cost-effective and sustainable energy solutions. The MoU was formalised on February 14, 2026, in Mahabalipuram in the presence of senior officials from both Central Public Sector Enterprises (CPSEs). NLCIL was represented by…
Author: PPD Team Date: March 26, 2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support…
Author: PPD Team Date: April 14, 2025 The Union Government inaugurated and laid the foundation stone for several power projects in eastern Uttar Pradesh on April 11, 2025. These efforts aim to strengthen electricity transmission and distribution in the Varanasi division. Projects inaugurated include two 400 kV and one 220 kV transmission substations and associated lines across Jaunpur, Chandauli, and Ghazipur districts. These projects are valued at Rs 10.45 billion. In addition, foundation stones were…
Author: PPD Team Date: October 17, 2025 EIB Global, the development arm of the European Investment Bank (EIB), will invest up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund managed by EAAA Alternatives. The fund aims to accelerate private capital investments in sustainable infrastructure and support India’s decarbonisation goals. The fund has a target size of $300 million and will provide equity and quasi-equity to greenfield infrastructure projects and…
Author: PPD Team Date: January 13, 2025 Umweltgerechte Kraftanlagen (UKA), a German developer of wind and solar parks, has ordered 80 turbines from Nordex Group, totalling a capacity of 540 MW for various wind energy projects across Germany. The turbines, mainly from the Delta4000 series, will be supplied for 15 UKA projects in six German states. The bulk of the order includes 64 N175/6.X turbines, along with 13 N163/6.X and three N149/5.X turbines. One of…