Author: PPD Team Date: 29/10/2024
Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year.
The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 13/01/2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems in the…
Author: PPD Team Date: 07/01/2025 Vienna-based renewable energy company Renalfa IPP has acquired a 258MWac solar photovoltaic (PV) project in Teleorman, Romania, slated for commercial operation by 2027. The project aims to advance Romania’s decarbonisation goals and strengthen energy security. Renalfa IPP plans to integrate 1,000 megawatt-hours of battery energy storage systems (BESS) with the Teleorman project to enhance grid stability and optimize renewable energy usage. This initiative is expected to support regional economic growth…
Author: PPD Team Date: 16/01/2025 The Central Electricity Regulatory Commission (CERC) has granted an interstate transmission licence to Powergrid Bhadla Bikaner Transmission Ltd (PBBTL), a subsidiary of Power Grid Corporation of India Ltd (PGCIL). The licence, valid for 25 years, is subject to regulatory conditions. PBBTL is developing the “Transmission system strengthening for interconnections of Bhadla-III and Bikaner-III complex” scheme in Rajasthan. This ISTS-TBCB project is based on a build, own, operate & transfer (BOOT)…
Author: PPD Team Date: 28/10/2024 Cadiz has partnered with RIC Energy to build a green hydrogen facility at Cadiz Ranch in California’s Mojave Desert, where Cadiz will supply land and water resources to support RIC Energy’s solar-powered hydrogen production. The facility aims to generate 100% green hydrogen, targeting distribution across Southern California for zero-emission vehicles and power generation. The project plans to operate entirely off-grid, with photovoltaic (PV) solar installations covering up to 3,000 acres…
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…
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 13/01/2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems in the…
Author: PPD Team Date: 07/01/2025 Vienna-based renewable energy company Renalfa IPP has acquired a 258MWac solar photovoltaic (PV) project in Teleorman, Romania, slated for commercial operation by 2027. The project aims to advance Romania’s decarbonisation goals and strengthen energy security. Renalfa IPP plans to integrate 1,000 megawatt-hours of battery energy storage systems (BESS) with the Teleorman project to enhance grid stability and optimize renewable energy usage. This initiative is expected to support regional economic growth…
Author: PPD Team Date: 16/01/2025 The Central Electricity Regulatory Commission (CERC) has granted an interstate transmission licence to Powergrid Bhadla Bikaner Transmission Ltd (PBBTL), a subsidiary of Power Grid Corporation of India Ltd (PGCIL). The licence, valid for 25 years, is subject to regulatory conditions. PBBTL is developing the “Transmission system strengthening for interconnections of Bhadla-III and Bikaner-III complex” scheme in Rajasthan. This ISTS-TBCB project is based on a build, own, operate & transfer (BOOT)…
Author: PPD Team Date: 28/10/2024 Cadiz has partnered with RIC Energy to build a green hydrogen facility at Cadiz Ranch in California’s Mojave Desert, where Cadiz will supply land and water resources to support RIC Energy’s solar-powered hydrogen production. The facility aims to generate 100% green hydrogen, targeting distribution across Southern California for zero-emission vehicles and power generation. The project plans to operate entirely off-grid, with photovoltaic (PV) solar installations covering up to 3,000 acres…
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…
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 13/01/2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems in the…