Author: PPD Team Date: December 23, 2024
The Board of Directors (BoD) of Kovalam Investment and Trading Company Limited has approved an investment for setting up decentralised solar power projects in Madhya Pradesh.
The decentralised solar power projects would be set up under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme of Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) in the state.
Author: PPD Team Date: October 28, 2024 Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as ENW is situated between the existing ScottishPower network regions in Scotland and areas…
Author: PPD Team Date: January 13, 2025 Saatvik Green Energy Private Limited has signed an agreement for the supply of solar photovoltaic (PV) modules to support 1,200 MW solar power projects in India. Key details include: A contract to supply N-type TopCon PV modules worth Rs 15 billion for 1,000 MW utility-scale solar projects. An agreement with Enrich Energy Private Limited for the supply of MONO PERC 545 Wp Bifacial solar modules for 200 MW…
Author: PPD Team Date: August 29, 2025 ACME Cleantech Solutions Private Limited has won Solar Energy Corporation of India’s (SECI) eleventh green ammonia auction under the Strategic Interventions for Green Hydrogen Transition Programme (Mode-2A-Tranche-I). The company will supply 20,000 tonnes per annum (TPA) of green ammonia to Indorama India Private Limited in Haldia, West Bengal, at a tariff of Rs 64.74 per kg. This marks ACME’s sixth win in SECI’s ongoing series of 13 green…
Author: PPD Team Date: April 24, 2025 Equinor has suspended offshore construction of its Empire Wind 1 project off the coast of New York following a stop-work order issued by U.S. Interior Secretary Doug Burgum. This unexpected directive has raised concerns among European suppliers who had committed to the U.S. offshore wind market. Empire Wind 1, a joint venture between Equinor and BP, was poised to become one of the largest offshore wind farms in…
Author: PPD Team Date: December 5, 2024 Schneider Electric has launched the Galaxy VXL uninterruptible power supply (UPS), claiming it to be the industry’s most compact, high-density UPS designed for AI, data centers, and large-scale electrical workloads. The Galaxy VXL offers 52% space savings compared to the industry average, delivering up to 1.25 MW of modular power with a power density of 1042 kW/m² in a smaller footprint. Additionally, Schneider Electric introduced a new data…
Author: PPD Team Date: September 24, 2025 Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the acquisition will help integrate smart metering into its portfolio and broaden its presence…