Author: PPD Team Date: December 13, 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: February 13, 2026 Bondada Engineering Limited has entered into a Memorandum of Understanding (MoU) with Dubai-based Bryanston Renewables FZCO to jointly develop green-powered data centres in India and select international markets. The agreement was formalised on February 11, 2026. The MoU sets out a non-binding framework for collaboration between the two companies. It envisages the creation of data centre project packages that are ready for development or deployment, targeting domestic and…
Author: PPD Team Date: October 21, 2024 The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles (EVs) instead. Italy leads with 16 billion euros in subsidies, followed by Germany…
Author: PPD Team Date: January 13, 2026 Shakti Pumps (India) Limited has received its first major order from Karnataka, strengthening its presence in the solar pumping segment and expanding its geographic footprint. The company has been awarded a contract by Karnataka Renewable Energy Development Limited (KREDL) for the installation of 16,780 standalone off-grid direct current solar photovoltaic water pumping systems. The total order value stands at Rs 654.03 crore, inclusive of Goods and Services Tax…
Author: PPD Team Date: December 15, 2025 Waaree Energies Limited has reported that its wholly owned subsidiary, Sangam Solar One Private Limited, has started operations at a new solar module manufacturing facility in Samakhiali, Kutch, Gujarat. The plant has an annual production capacity of 1,500 MW through two lines of 750 MW each. The company stated that the facility began operations on 12 December 2025. The company said the addition of 1.5 GW has increased…
Author: PPD Team Date: February 17, 2025 Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation Capacity at the 765/400 kV Lakadia Substation (S/s) in Gujarat-Part B. The acquisition follows the invitation of Request for Proposal (RFP) bids by REC Power Distribution Company Limited (REC PDCL) in September…
Author: PPD Team Date: November 26, 2024 Bharat Heavy Electricals Limited (BHEL) is set to commission nine GW of thermal power generation capacity in the current financial year. This addition, valued at approximately Rs 650 billion, will contribute to the nation’s existing 237 GW thermal power capacity. The projects have been awarded to BHEL by power generation companies, including NTPC, Tamil Nadu, Maharashtra, and Uttar Pradesh, since 2017. Delays due to land and environmental approvals…