Author: PPD Team Date: 13/12/2024
Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024.
The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…
Author: PPD Team Date: 05/12/2024 Shell is scaling back its offshore wind investments and restructuring its power division following a comprehensive review. This shift aligns with CEO Wael Sawan’s strategy to focus on high-return activities, particularly in oil, gas, and biofuels, while reducing costs in low-carbon and renewable sectors. A Shell spokesperson confirmed that the company will not lead new offshore wind developments but remains interested in offtakes with acceptable commercial terms and may consider…
Author: PPD Team Date: 11/11/2024 NTPC has synthesised CO2 captured from flue gas with hydrogen produced from a PEM electrolyser to create methanol at its Vindhyachal plant. NTPC Chairman Gurdeep Singh, speaking at the company’s 50th Raising Day, highlighted that both the CO2 capture plant and the CO2-to-methanol plant are the first of their kind globally, a historic advancement in sustainable fuel production. NTPC is also progressing in areas like Gen-4 ethanol, green urea, and…
Author: PPD Team Date: 22/01/2025 European Energy, in collaboration with Kragerup Estate, has initiated its first large-scale battery storage project in Denmark. The battery, expected to begin test operations in Q1 2025, will support the integration of renewable energy into the power grid. The project will start with an initial capacity of 3.75 MW, with an option to upgrade to 7.5 MW. When fully charged, it can supply electricity to numerous European households for up…
Author: PPD Team Date: 20/12/2024 Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company. RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: 29/11/2024 Servotech Power Systems has won a 5.6 MW on-grid rooftop solar power plant order worth Rs 302 million from the Uttarakhand New and Renewable Energy Development Agency (UREDA). The company will oversee the design, supply, installation, net metering, testing, and commissioning of the solar plants. The installations, ranging from 1 kW to 1500 kW, will be deployed at key locations such as government offices, colleges, hospitals, and other institutions across…
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…
Author: PPD Team Date: 05/12/2024 Shell is scaling back its offshore wind investments and restructuring its power division following a comprehensive review. This shift aligns with CEO Wael Sawan’s strategy to focus on high-return activities, particularly in oil, gas, and biofuels, while reducing costs in low-carbon and renewable sectors. A Shell spokesperson confirmed that the company will not lead new offshore wind developments but remains interested in offtakes with acceptable commercial terms and may consider…
Author: PPD Team Date: 11/11/2024 NTPC has synthesised CO2 captured from flue gas with hydrogen produced from a PEM electrolyser to create methanol at its Vindhyachal plant. NTPC Chairman Gurdeep Singh, speaking at the company’s 50th Raising Day, highlighted that both the CO2 capture plant and the CO2-to-methanol plant are the first of their kind globally, a historic advancement in sustainable fuel production. NTPC is also progressing in areas like Gen-4 ethanol, green urea, and…
Author: PPD Team Date: 22/01/2025 European Energy, in collaboration with Kragerup Estate, has initiated its first large-scale battery storage project in Denmark. The battery, expected to begin test operations in Q1 2025, will support the integration of renewable energy into the power grid. The project will start with an initial capacity of 3.75 MW, with an option to upgrade to 7.5 MW. When fully charged, it can supply electricity to numerous European households for up…
Author: PPD Team Date: 20/12/2024 Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company. RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: 29/11/2024 Servotech Power Systems has won a 5.6 MW on-grid rooftop solar power plant order worth Rs 302 million from the Uttarakhand New and Renewable Energy Development Agency (UREDA). The company will oversee the design, supply, installation, net metering, testing, and commissioning of the solar plants. The installations, ranging from 1 kW to 1500 kW, will be deployed at key locations such as government offices, colleges, hospitals, and other institutions across…
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…
Author: PPD Team Date: 05/12/2024 Shell is scaling back its offshore wind investments and restructuring its power division following a comprehensive review. This shift aligns with CEO Wael Sawan’s strategy to focus on high-return activities, particularly in oil, gas, and biofuels, while reducing costs in low-carbon and renewable sectors. A Shell spokesperson confirmed that the company will not lead new offshore wind developments but remains interested in offtakes with acceptable commercial terms and may consider…