Author: PPD Team Date: 11/12/2024
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BOEM considers offshore wind leasing off Guam
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SECI issues tender for 400 MW DCR-compliant solar modules in Andhra Pradesh
Author: PPD Team Date: 20/11/2024 The Solar Energy Corporation of India (SECI) has floated a tender to procure 400 MW of Domestic Content Requirement (DCR)-compliant solar modules for a project in Ramagiri, Andhra Pradesh. The modules must be manufactured, tested, packed, forwarded, supplied, and transported, with deliveries set to begin in October 2025. The bid submission deadline is December 5, 2024. The tender divides the capacity into four 100 MW packages, allowing bidders to apply…
Satvik Green Energy files for Rs 11.50 billion IPO to fund solar expansion
Author: PPD Team Date: 21/11/2024 Satvik Green Energy has reportedly filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 11.50 billion through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 8.50 billion and an offer for sale of Rs 3 billion by the company’s promoters. Proceeds from the IPO will be utilized to repay debt, invest in the…
MNRE receives approval for revised solar power scheme under PM JANMAN and PM JUGA
Author: PPD Team Date: 25/10/2024 The Ministry of New and Renewable Energy (MNRE) has received approval for a revised solar power scheme under PM JANMAN and Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PM JUGA). The scheme aims to electrify 100,000 un-electrified households in tribal and particularly vulnerable tribal groups (PVTG) areas using off-grid solar systems, with a total budget allocation of Rs 9.15 billion. It targets 18 Indian states, including Andhra Pradesh, Gujarat, and West…
Swedish court approves Hydro Energi’s PPA settlement with Markbygden
Author: PPD Team Date: 04/11/2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro…
Doosan Enerbility, SGRE and Equinor sign MoU for South Korean wind farm
Author: PPD Team Date: 16/10/2024 Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea. The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in…
BOEM considers offshore wind leasing off Guam
Author: PPD Team Date: 06/01/2025 The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing…