Author: PPD Team Date: 27/11/2024
Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the supply of solar modules and cells in India as of November 25, 2024.
The contracts include Rs 9.64 billion for solar modules and Rs 1.23 billion for solar cells.
Deliveries are expected to commence in January 2025.
Author: PPD Team Date: 03/12/2024 A Supreme Court-appointed panel has backed the development of five hydroelectric projects (HEPs) in Uttarakhand, despite opposition from the Ministry of Environment and Forest (MoEF) and the Jal Shakti Ministry, which raised concerns over ecological impacts and risks associated with the region’s seismic and landslide-prone nature. The court’s involvement dates back to the 2013 Kedarnath floods, after which it imposed a moratorium on new HEPs and directed the MoEF to…
Author: PPD Team Date: 30/01/2025 MSIG Asia and The RiskPoint Group have teamed up to strengthen renewable energy (RE) insurance in the Asia Pacific region. With approval from the Monetary Authority of Singapore, RiskPoint will serve as MSIG Singapore’s Managing General Agent. This partnership will leverage Singapore’s role as an insurance hub to provide tailored coverage for solar, wind, and hydroelectric projects. By combining MSIG’s regional network and financial strength with RiskPoint’s underwriting expertise, the…
Author: PPD Team Date: 25/10/2024 The Rajasthan government has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) for an investment of Rs 3 trillion to develop renewable energy projects with a combined capacity of 60 GW in solar, wind, and hybrid energy across western Rajasthan. The UAE will appoint a qualified developer to manage project governance and administration, ensuring efficient and swift implementation.
Author: PPD Team Date: 31/12/2024 Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat. The agreement was finalized on December 28, 2024. GACL will hold a 26% equity stake in the SPV for the project. Additionally, GACL has signed a power consumption agreement (PCA)…
Author: PPD Team Date: 08/11/2024 The Nigerian government has committed over NGN 500 billion to reactivate more than 100 stalled projects of the Transmission Company of Nigeria (TCN) to enhance the nation’s power supply. Many of these projects are nearing completion, with some achieving over 80% progress. The Ministry of Power has requested a dedicated budget allocation for 2025 to support these initiatives, aiming to improve electricity distribution across the country. To bolster the grid’s…
Author: PPD Team Date: 24/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections….
Author: PPD Team Date: 03/12/2024 A Supreme Court-appointed panel has backed the development of five hydroelectric projects (HEPs) in Uttarakhand, despite opposition from the Ministry of Environment and Forest (MoEF) and the Jal Shakti Ministry, which raised concerns over ecological impacts and risks associated with the region’s seismic and landslide-prone nature. The court’s involvement dates back to the 2013 Kedarnath floods, after which it imposed a moratorium on new HEPs and directed the MoEF to…
Author: PPD Team Date: 30/01/2025 MSIG Asia and The RiskPoint Group have teamed up to strengthen renewable energy (RE) insurance in the Asia Pacific region. With approval from the Monetary Authority of Singapore, RiskPoint will serve as MSIG Singapore’s Managing General Agent. This partnership will leverage Singapore’s role as an insurance hub to provide tailored coverage for solar, wind, and hydroelectric projects. By combining MSIG’s regional network and financial strength with RiskPoint’s underwriting expertise, the…
Author: PPD Team Date: 25/10/2024 The Rajasthan government has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) for an investment of Rs 3 trillion to develop renewable energy projects with a combined capacity of 60 GW in solar, wind, and hybrid energy across western Rajasthan. The UAE will appoint a qualified developer to manage project governance and administration, ensuring efficient and swift implementation.
Author: PPD Team Date: 31/12/2024 Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat. The agreement was finalized on December 28, 2024. GACL will hold a 26% equity stake in the SPV for the project. Additionally, GACL has signed a power consumption agreement (PCA)…
Author: PPD Team Date: 08/11/2024 The Nigerian government has committed over NGN 500 billion to reactivate more than 100 stalled projects of the Transmission Company of Nigeria (TCN) to enhance the nation’s power supply. Many of these projects are nearing completion, with some achieving over 80% progress. The Ministry of Power has requested a dedicated budget allocation for 2025 to support these initiatives, aiming to improve electricity distribution across the country. To bolster the grid’s…
Author: PPD Team Date: 24/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections….
Author: PPD Team Date: 03/12/2024 A Supreme Court-appointed panel has backed the development of five hydroelectric projects (HEPs) in Uttarakhand, despite opposition from the Ministry of Environment and Forest (MoEF) and the Jal Shakti Ministry, which raised concerns over ecological impacts and risks associated with the region’s seismic and landslide-prone nature. The court’s involvement dates back to the 2013 Kedarnath floods, after which it imposed a moratorium on new HEPs and directed the MoEF to…
Author: PPD Team Date: 30/01/2025 MSIG Asia and The RiskPoint Group have teamed up to strengthen renewable energy (RE) insurance in the Asia Pacific region. With approval from the Monetary Authority of Singapore, RiskPoint will serve as MSIG Singapore’s Managing General Agent. This partnership will leverage Singapore’s role as an insurance hub to provide tailored coverage for solar, wind, and hydroelectric projects. By combining MSIG’s regional network and financial strength with RiskPoint’s underwriting expertise, the…