Singapore commits SGD 100 million to green marine and offshore energy sectors
Author: PPD Team Date: 02/12/2024
Author: PPD Team Date: 02/12/2024
The Government of Singapore has announced an SGD 100 million investment to promote green growth in the marine and offshore energy sectors over the next five years, aiming for net-zero emissions by 2050.
This initiative focuses on marine digitalization, offshore wind, and floating storage solutions, aligning with Singapore’s Green Plan 2050.
In a related development, Singapore-based Hann-Ocean Energy completed a two-and-a-half-year sea trial of its third-generation Drakoo wave energy converter off Shengsi Island, Zhejiang Province, in July 2024.
The 15 kW device demonstrated reliability and higher energy conversion efficiency in open sea conditions, marking a significant step toward commercializing wave energy technology.
Author: PPD Team Date: 13/06/2025 KP Green Engineering Limited has secured new orders worth Rs 972.7 million from multiple clients across five business segments. The company expects to complete all projects by March 31, 2026. The largest order, worth Rs 478.3 million, is for crash barriers used in railway track fencing and related works. Solar-related orders include Rs 375.6 million for fixed tilt and tracker-type solar module mounting structures and Rs 44.4 million for rooftop…
Author: PPD Team Date: 16/01/2025 Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this…
Author: PPD Team Date: 23/01/2025 Vestas has secured an order to supply turbines for the second phase of the Tyligulska wind energy project in Ukraine, the country’s largest renewable energy project. Following the successful commissioning of the first phase in spring 2023, Vestas will deliver 64 turbines, contributing 384MW to the project’s total capacity of 498MW across both phases. The turbines, V162-6.2MW models, will each generate 6MW of power. The project benefits from substantial international…
Author: PPD Team Date: 07/02/2025 The National Committee on Transmission (NCT) has recommended two interstate transmission system (ISTS) schemes to the Ministry of Power for final approval. These will be implemented under tariff-based competitive bidding (TBCB) and the regulated tariff mechanism (RTM). One scheme involves the transmission system for evacuating power from renewable energy (RE) projects in Rajgarh (1,500 MW) Special Economic Zone (SEZ) and Neemuch (1,000 MW) SEZ in Madhya Pradesh. Originally separate, these…
Author: PPD Team Date: 06/01/2025 Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in traded volume, with 30,464 MU…
Author: PPD Team Date: 24/07/2025 L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro (L&T), will develop India’s largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat Refinery in Haryana. According to a company statement, the plant will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years. The project will be implemented on a build-own-operate (BOO) model and is aligned with the Government of India’s National Green Hydrogen…
Author: PPD Team Date: 13/06/2025 KP Green Engineering Limited has secured new orders worth Rs 972.7 million from multiple clients across five business segments. The company expects to complete all projects by March 31, 2026. The largest order, worth Rs 478.3 million, is for crash barriers used in railway track fencing and related works. Solar-related orders include Rs 375.6 million for fixed tilt and tracker-type solar module mounting structures and Rs 44.4 million for rooftop…
Author: PPD Team Date: 16/01/2025 Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this…
Author: PPD Team Date: 23/01/2025 Vestas has secured an order to supply turbines for the second phase of the Tyligulska wind energy project in Ukraine, the country’s largest renewable energy project. Following the successful commissioning of the first phase in spring 2023, Vestas will deliver 64 turbines, contributing 384MW to the project’s total capacity of 498MW across both phases. The turbines, V162-6.2MW models, will each generate 6MW of power. The project benefits from substantial international…
Author: PPD Team Date: 07/02/2025 The National Committee on Transmission (NCT) has recommended two interstate transmission system (ISTS) schemes to the Ministry of Power for final approval. These will be implemented under tariff-based competitive bidding (TBCB) and the regulated tariff mechanism (RTM). One scheme involves the transmission system for evacuating power from renewable energy (RE) projects in Rajgarh (1,500 MW) Special Economic Zone (SEZ) and Neemuch (1,000 MW) SEZ in Madhya Pradesh. Originally separate, these…
Author: PPD Team Date: 06/01/2025 Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in traded volume, with 30,464 MU…
Author: PPD Team Date: 24/07/2025 L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro (L&T), will develop India’s largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat Refinery in Haryana. According to a company statement, the plant will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years. The project will be implemented on a build-own-operate (BOO) model and is aligned with the Government of India’s National Green Hydrogen…
Author: PPD Team Date: 13/06/2025 KP Green Engineering Limited has secured new orders worth Rs 972.7 million from multiple clients across five business segments. The company expects to complete all projects by March 31, 2026. The largest order, worth Rs 478.3 million, is for crash barriers used in railway track fencing and related works. Solar-related orders include Rs 375.6 million for fixed tilt and tracker-type solar module mounting structures and Rs 44.4 million for rooftop…
Author: PPD Team Date: 16/01/2025 Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this…