Author: PPD Team Date: 05/11/2024
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited.
This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
Author: PPD Team Date: 21/09/2024 Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid…
Author: PPD Team Date: 26/12/2024 UltraTech Cement has announced plans to source renewable energy through a captive arrangement with CleanMax’s special-purpose vehicle (SPV), Clean Max Sapphire. The company has acquired a 26% equity share in the SPV for Rs 457.6 million, entering agreements for energy supply, share subscription, and shareholder rights. The SPV will develop a 55 MW wind-solar hybrid project in Honawad, Vijayapur district, Karnataka, to supply power to UltraTech Cement. The share acquisition…
Author: PPD Team Date: 05/12/2024 Greenzo Energy India (GEIL) will collaborate with France’s EODev to introduce hydrogen fuel cell power generators in India. Under the 20-year partnership, GEIL will distribute EODev’s zero-emission generators, provide maintenance services, and locally assemble EODev products. GEIL will also serve as an original equipment manufacturer (OEM) and strategic partner for EODev. The alliance will bring Toyota’s hydrogen fuel cell technology to South Asia. These generators convert hydrogen into electricity and…
Author: PPD Team Date: 18/12/2024 Waaree Energies Limited has received orders to supply solar photovoltaic (PV) modules for two projects totalling 398 MW. The orders, awarded by a prominent renewable power developer in India, include 298 MW and 149 MW of solar PV modules.
Author: PPD Team Date: 12/11/2024 Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking…
Author: PPD Team Date: 17/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated on October 15, 2024, is part of an ISTS scheme. PFCCL is overseeing the bidder…
Author: PPD Team Date: 21/09/2024 Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid…
Author: PPD Team Date: 26/12/2024 UltraTech Cement has announced plans to source renewable energy through a captive arrangement with CleanMax’s special-purpose vehicle (SPV), Clean Max Sapphire. The company has acquired a 26% equity share in the SPV for Rs 457.6 million, entering agreements for energy supply, share subscription, and shareholder rights. The SPV will develop a 55 MW wind-solar hybrid project in Honawad, Vijayapur district, Karnataka, to supply power to UltraTech Cement. The share acquisition…
Author: PPD Team Date: 05/12/2024 Greenzo Energy India (GEIL) will collaborate with France’s EODev to introduce hydrogen fuel cell power generators in India. Under the 20-year partnership, GEIL will distribute EODev’s zero-emission generators, provide maintenance services, and locally assemble EODev products. GEIL will also serve as an original equipment manufacturer (OEM) and strategic partner for EODev. The alliance will bring Toyota’s hydrogen fuel cell technology to South Asia. These generators convert hydrogen into electricity and…
Author: PPD Team Date: 18/12/2024 Waaree Energies Limited has received orders to supply solar photovoltaic (PV) modules for two projects totalling 398 MW. The orders, awarded by a prominent renewable power developer in India, include 298 MW and 149 MW of solar PV modules.
Author: PPD Team Date: 12/11/2024 Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking…
Author: PPD Team Date: 17/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated on October 15, 2024, is part of an ISTS scheme. PFCCL is overseeing the bidder…
Author: PPD Team Date: 21/09/2024 Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid…
Author: PPD Team Date: 26/12/2024 UltraTech Cement has announced plans to source renewable energy through a captive arrangement with CleanMax’s special-purpose vehicle (SPV), Clean Max Sapphire. The company has acquired a 26% equity share in the SPV for Rs 457.6 million, entering agreements for energy supply, share subscription, and shareholder rights. The SPV will develop a 55 MW wind-solar hybrid project in Honawad, Vijayapur district, Karnataka, to supply power to UltraTech Cement. The share acquisition…