Author: PPD Team Date: December 6, 2024
Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
Author: PPD Team Date: January 2, 2025 PFC Consulting Limited (PFCCL) has incorporated Fatehgarh II And Barmer I PS Transmission Limited, a special purpose vehicle (SPV), for the augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section-II), and Barmer-I PS. The incorporation was completed on December 30, 2024. PFCCL is serving as the bid process coordinator (BPC) to select a transmission service provider (TSP) for the project’s establishment through the tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: February 25, 2026 Philippines-based Aboitiz Power is in advanced talks to acquire a majority stake in Hyderabad-based renewable energy firm Fourth Partner Energy, according to sources. The proposed deal could be among the largest recent foreign acquisitions in India’s commercial and industrial (C&I) renewable segment. The transaction would allow early investors to partially exit. Current backers include TPG Rise, Norfund, the Asian Development Bank (ADB), the International Finance Corporation (IFC), and…
Author: PPD Team Date: October 24, 2025 Vikram Solar has received an order to supply 148.9 MW of high-efficiency solar modules to Sunsure Energy. The 595 Wp modules will be installed across Maharashtra and Uttar Pradesh. Vikram Solar will provide its advanced Ml0R N-Type TOPCon modules, noted for high efficiency, reliability, and energy yield. This order adds to a series of recent wins for Vikram Solar, including 200 MW from AB Energia, 336 MW from…
Author: PPD Team Date: September 15, 2025 The Ministry of New and Renewable Energy (MNRE) has released a draft amendment proposing the inclusion of solar wafers under the Approved List of Models and Manufacturers (ALMM). The provision is planned to take effect from June 1, 2028. According to the draft, ALMM List-III will cover wafers, with enlistment conditional on at least three independent wafer manufacturers having a combined capacity of 15 GW per year. Wafer…
Author: PPD Team Date: July 14, 2025 GP Eco Solutions India Limited has secured a Rs 1,219.2 million contract from Welkin Renewable India Private Limited to execute a grid-connected solar project in Punjab. The project, with a total capacity of 24 MW (31.67 MWp), is expected to be completed by March 2026. The engineering, procurement and construction (EPC) contract was awarded on July 10, 2025. Under the agreement, GP Eco Solutions will be responsible for…
Author: PPD Team Date: April 4, 2025 ACME Solar Holdings has secured a long-term refinancing facility of Rs 24.91 billion for its operational renewable energy portfolio totaling 490 MW across Andhra Pradesh, Rajasthan, and Punjab. The refinancing has been arranged through the State Bank of India and REC Limited, with a tenure ranging from 18 to 20 years. It will be used to restructure existing debt and lower the financing cost to a weighted average…