Author: PPD Team Date: 20/12/2024
Sherisha Rooftop Solar SPV Four Private Limited, a step-down subsidiary of Refex Renewables & Infrastructure Limited, has partnered with LC Infra Projects Private Limited to form LC Infra Solar LLP.
The LLP will develop a 150 MW solar power project awarded by Maharashtra State Power Generation Limited. LC Infra Solar LLP has been established with a capital contribution of Rs 10,000, with SPV Four holding a 26% stake.
Author: PPD Team Date: 11/12/2024 Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission. The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability, and energy affordability. Google will act as the primary offtaker for renewable energy generated at…
Author: PPD Team Date: 31/01/2025 Adyant Enersol Private Limited, a wholly-owned subsidiary of Datta Power Infra Private Limited, and UPC Renewables have won bids for a cumulative 170 MW of Inter-State Transmission System (ISTS)-connected wind power projects anywhere in India. Adyant Enersol won 70 MW by quoting a tariff of Rs 3.98 per kWh, while UPC Renewables won 100 MW with a tariff of Rs 3.99 per kWh. The scope of work includes setting up…
Author: PPD Team Date: 12/11/2024 Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking…
Author: PPD Team Date: 15/10/2024 Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for payments made…
Author: PPD Team Date: 18/03/2025 India’s renewable energy sector continues to expand with new agreements in wind and solar power. Datta Power Infra, Solarium Green Energy Limited, and Jubilant Infrastructure Limited have each secured deals to support clean energy deployment across the country. Datta Power Infra has signed a power purchase agreement (PPA) with state-owned SJVN to develop a 70 MW wind energy project. This initiative is part of SJVN’s WIND-1 program, which aims to…
Author: PPD Team Date: 27/02/2025 The Ministry of New and Renewable Energy (MNRE) has proposed a renewable energy financing obligation (REEFO) to ensure dedicated financial support for India’s renewable energy sector. Similar to Renewable Purchase Obligations (RPOs) for discoms, REEFO would require financial institutions to allocate a portion of their lending to renewable energy projects. This initiative aims to secure consistent and affordable capital for solar, wind, and green hydrogen projects while de-risking investments in…
Author: PPD Team Date: 11/12/2024 Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission. The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability, and energy affordability. Google will act as the primary offtaker for renewable energy generated at…
Author: PPD Team Date: 31/01/2025 Adyant Enersol Private Limited, a wholly-owned subsidiary of Datta Power Infra Private Limited, and UPC Renewables have won bids for a cumulative 170 MW of Inter-State Transmission System (ISTS)-connected wind power projects anywhere in India. Adyant Enersol won 70 MW by quoting a tariff of Rs 3.98 per kWh, while UPC Renewables won 100 MW with a tariff of Rs 3.99 per kWh. The scope of work includes setting up…
Author: PPD Team Date: 12/11/2024 Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking…
Author: PPD Team Date: 15/10/2024 Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for payments made…
Author: PPD Team Date: 18/03/2025 India’s renewable energy sector continues to expand with new agreements in wind and solar power. Datta Power Infra, Solarium Green Energy Limited, and Jubilant Infrastructure Limited have each secured deals to support clean energy deployment across the country. Datta Power Infra has signed a power purchase agreement (PPA) with state-owned SJVN to develop a 70 MW wind energy project. This initiative is part of SJVN’s WIND-1 program, which aims to…
Author: PPD Team Date: 27/02/2025 The Ministry of New and Renewable Energy (MNRE) has proposed a renewable energy financing obligation (REEFO) to ensure dedicated financial support for India’s renewable energy sector. Similar to Renewable Purchase Obligations (RPOs) for discoms, REEFO would require financial institutions to allocate a portion of their lending to renewable energy projects. This initiative aims to secure consistent and affordable capital for solar, wind, and green hydrogen projects while de-risking investments in…
Author: PPD Team Date: 11/12/2024 Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission. The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability, and energy affordability. Google will act as the primary offtaker for renewable energy generated at…
Author: PPD Team Date: 31/01/2025 Adyant Enersol Private Limited, a wholly-owned subsidiary of Datta Power Infra Private Limited, and UPC Renewables have won bids for a cumulative 170 MW of Inter-State Transmission System (ISTS)-connected wind power projects anywhere in India. Adyant Enersol won 70 MW by quoting a tariff of Rs 3.98 per kWh, while UPC Renewables won 100 MW with a tariff of Rs 3.99 per kWh. The scope of work includes setting up…