Author: PPD Team Date: 13/11/2024
NTPC Vidyut Vyapar Nigam (NVVN) has released a tender for the installation of 7.2 MW of grid-connected rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam.
The bid submission deadline is December 2, 2024.
The project scope covers design, engineering, supply, civil construction, erection, testing, commissioning, and the inclusion of a solar module cleaning system, remote monitoring, and ten years of operation and maintenance.
Author: PPD Team Date: 29/11/2024 Russia has launched its 11th major assault on Ukraine’s energy infrastructure since March 2024, leaving over a million people without power, according to officials. The attacks targeted energy and fuel facilities, with Russia deploying 91 missiles and 97 drones. The Ukrainian Air Force confirmed 12 strikes hit their targets, while Ukrainian President Volodymyr Zelenskiy condemned the offensive as a “despicable escalation,” citing the use of Cruise missiles with cluster munitions….
Author: PPD Team Date: 03/03/2025 Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), have signed a power purchase agreement (PPA) with JSW Green Energy Nine Private Limited, a special purpose vehicle (SPV) of JSW Neo Energy Limited, a subsidiary of JSW Energy Limited (JSWEL). Under the agreement, the SPV will develop an 84.9 MW wind-solar hybrid power project in Tamil Nadu, consisting of 64.9 MW solar and 20 MW wind capacity…
Author: PPD Team Date: 11/12/2024 The Ministry of New and Renewable Energy (MNRE) has announced the inclusion of solar PV cells in a newly introduced List-II under the Approved List of Models and Manufacturers (ALMM), set to take effect from June 1, 2026. This amendment expands the ALMM framework, which previously only covered solar modules. With the addition of solar cells to ALMM, projects that require the use of ALMM-enlisted solar modules from List-I will…
Author: PPD Team Date: 18/10/2024 BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial…
Author: PPD Team Date: 23/12/2024 Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs). The initiative will focus on financing EVs, battery charging stations, renewable energy products, energy-efficient machinery, and other green energy solutions. Shriram Green Finance aims to achieve an Asset Under Management (AUM) of Rs 50 billion within 3 to 4 years by securing domestic and global funds for green investments. Leveraging its…
Author: PPD Team Date: 13/11/2024 Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets. The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission & Distribution (T&D) projects globally and residential building projects within India. According to MD & CEO Manish Mohnot, these new contracts strengthen KPIL’s standing in the T&D sector, with year-to-date order inflows amounting to approximately Rs 141 billion,…
Author: PPD Team Date: 29/11/2024 Russia has launched its 11th major assault on Ukraine’s energy infrastructure since March 2024, leaving over a million people without power, according to officials. The attacks targeted energy and fuel facilities, with Russia deploying 91 missiles and 97 drones. The Ukrainian Air Force confirmed 12 strikes hit their targets, while Ukrainian President Volodymyr Zelenskiy condemned the offensive as a “despicable escalation,” citing the use of Cruise missiles with cluster munitions….
Author: PPD Team Date: 03/03/2025 Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), have signed a power purchase agreement (PPA) with JSW Green Energy Nine Private Limited, a special purpose vehicle (SPV) of JSW Neo Energy Limited, a subsidiary of JSW Energy Limited (JSWEL). Under the agreement, the SPV will develop an 84.9 MW wind-solar hybrid power project in Tamil Nadu, consisting of 64.9 MW solar and 20 MW wind capacity…
Author: PPD Team Date: 11/12/2024 The Ministry of New and Renewable Energy (MNRE) has announced the inclusion of solar PV cells in a newly introduced List-II under the Approved List of Models and Manufacturers (ALMM), set to take effect from June 1, 2026. This amendment expands the ALMM framework, which previously only covered solar modules. With the addition of solar cells to ALMM, projects that require the use of ALMM-enlisted solar modules from List-I will…
Author: PPD Team Date: 18/10/2024 BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial…
Author: PPD Team Date: 23/12/2024 Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs). The initiative will focus on financing EVs, battery charging stations, renewable energy products, energy-efficient machinery, and other green energy solutions. Shriram Green Finance aims to achieve an Asset Under Management (AUM) of Rs 50 billion within 3 to 4 years by securing domestic and global funds for green investments. Leveraging its…
Author: PPD Team Date: 13/11/2024 Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets. The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission & Distribution (T&D) projects globally and residential building projects within India. According to MD & CEO Manish Mohnot, these new contracts strengthen KPIL’s standing in the T&D sector, with year-to-date order inflows amounting to approximately Rs 141 billion,…
Author: PPD Team Date: 29/11/2024 Russia has launched its 11th major assault on Ukraine’s energy infrastructure since March 2024, leaving over a million people without power, according to officials. The attacks targeted energy and fuel facilities, with Russia deploying 91 missiles and 97 drones. The Ukrainian Air Force confirmed 12 strikes hit their targets, while Ukrainian President Volodymyr Zelenskiy condemned the offensive as a “despicable escalation,” citing the use of Cruise missiles with cluster munitions….
Author: PPD Team Date: 03/03/2025 Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), have signed a power purchase agreement (PPA) with JSW Green Energy Nine Private Limited, a special purpose vehicle (SPV) of JSW Neo Energy Limited, a subsidiary of JSW Energy Limited (JSWEL). Under the agreement, the SPV will develop an 84.9 MW wind-solar hybrid power project in Tamil Nadu, consisting of 64.9 MW solar and 20 MW wind capacity…