Author: PPD Team Date: 04/11/2024
Prime Minister Narendra Modi inaugurated a 4 MW solar project in Ekta Nagar, Gujarat, valued at Rs 232.6 million.
This initiative is part of ongoing efforts to enhance the Statue of Unity area as an international tourist destination while promoting sustainable energy solutions in the region.
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 19/05/2025 Terna, Italy’s national grid operator, and IPTO (Independent Power Transmission Operator), the Greek transmission system operator, have signed a memorandum of understanding (MoU) to develop a new high-voltage electricity interconnection named GRITA 2. The agreement, set for three years, outlines a joint governance framework for planning and coordination. It also sets the stage for future agreements related to cable and converter station procurement. The GRITA 2 project will be a…
Author: PPD Team Date: 04/11/2024 Tata Power reported reduced Aggregate Technical & Commercial (AT&C) losses in its Odisha power distribution business during the first half of FY25. The investor presentation indicated improvements in two of the four discoms, TPCODL and TPSODL, while AT&C losses in TPWODL remained constant and slightly increased in TPNODL. Overall, AT&C losses across the Odisha discoms, weighted by electricity purchase volume, decreased to 22.6% in H1 FY25 from 23.9% in H1…
Author: PPD Team Date: 21/02/2025 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of environmental clearance (EC) for the Uri-I Stage II Hydro Electric Project. The recommendation was made during its meetings on January 29, 2025. NHPC Limited will implement the 240 MW project in Uri, Boniyar, Kreeri, Baramulla, and Rafiabad sub-districts of Baramulla district, Jammu & Kashmir. The project, estimated to cost Rs…
Author: PPD Team Date: 10/01/2025 Estuary Power has closed a $340 million financing package for the Escape solar and storage project in Lincoln County, Nevada. The project will feature 185MW of solar capacity combined with 400MWh of battery energy storage, providing reliable power to key customers including MGM Resorts International, Overton Power District, Caesars Entertainment, and Wynn Las Vegas. The financing includes tax equity commitments from Morgan Stanley Renewables, along with a tax equity bridge…
Author: PPD Team Date: 21/10/2024 The Indian Institute of Technology (IIT) Indore has developed a catalyst that produces pure hydrogen from methanol at a significantly lower temperature and cost compared to traditional methods. The catalyst, developed under the leadership of Professor Sanjay K Singh from the Department of Chemistry, allows hydrogen production at 130 degrees Celsius, whereas conventional methods require temperatures exceeding 200 degrees Celsius. This new catalyst can produce one kilogram of hydrogen from…
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 19/05/2025 Terna, Italy’s national grid operator, and IPTO (Independent Power Transmission Operator), the Greek transmission system operator, have signed a memorandum of understanding (MoU) to develop a new high-voltage electricity interconnection named GRITA 2. The agreement, set for three years, outlines a joint governance framework for planning and coordination. It also sets the stage for future agreements related to cable and converter station procurement. The GRITA 2 project will be a…
Author: PPD Team Date: 04/11/2024 Tata Power reported reduced Aggregate Technical & Commercial (AT&C) losses in its Odisha power distribution business during the first half of FY25. The investor presentation indicated improvements in two of the four discoms, TPCODL and TPSODL, while AT&C losses in TPWODL remained constant and slightly increased in TPNODL. Overall, AT&C losses across the Odisha discoms, weighted by electricity purchase volume, decreased to 22.6% in H1 FY25 from 23.9% in H1…
Author: PPD Team Date: 21/02/2025 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of environmental clearance (EC) for the Uri-I Stage II Hydro Electric Project. The recommendation was made during its meetings on January 29, 2025. NHPC Limited will implement the 240 MW project in Uri, Boniyar, Kreeri, Baramulla, and Rafiabad sub-districts of Baramulla district, Jammu & Kashmir. The project, estimated to cost Rs…
Author: PPD Team Date: 10/01/2025 Estuary Power has closed a $340 million financing package for the Escape solar and storage project in Lincoln County, Nevada. The project will feature 185MW of solar capacity combined with 400MWh of battery energy storage, providing reliable power to key customers including MGM Resorts International, Overton Power District, Caesars Entertainment, and Wynn Las Vegas. The financing includes tax equity commitments from Morgan Stanley Renewables, along with a tax equity bridge…
Author: PPD Team Date: 21/10/2024 The Indian Institute of Technology (IIT) Indore has developed a catalyst that produces pure hydrogen from methanol at a significantly lower temperature and cost compared to traditional methods. The catalyst, developed under the leadership of Professor Sanjay K Singh from the Department of Chemistry, allows hydrogen production at 130 degrees Celsius, whereas conventional methods require temperatures exceeding 200 degrees Celsius. This new catalyst can produce one kilogram of hydrogen from…
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 19/05/2025 Terna, Italy’s national grid operator, and IPTO (Independent Power Transmission Operator), the Greek transmission system operator, have signed a memorandum of understanding (MoU) to develop a new high-voltage electricity interconnection named GRITA 2. The agreement, set for three years, outlines a joint governance framework for planning and coordination. It also sets the stage for future agreements related to cable and converter station procurement. The GRITA 2 project will be a…