Author: PPD Team Date: 23/12/2024
Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra.
The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.
Author: PPD Team Date: 04/11/2024 The Ministry of New and Renewable Energy (MNRE) has proposed adding solar photovoltaic (PV) cells to its Approved List of Models and Manufacturers (ALMM), with implementation expected by April 2026. This new category, termed “ALMM List-II,” would mandate that all ALMM-compliant solar projects source cells from certified domestic manufacturers. Experts caution that this move could increase tariffs by 40-50 paise per unit, affecting project costs, timelines, and India’s renewable energy…
Author: PPD Team Date: 30/10/2024 Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million). The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month orderly marketing…
Author: PPD Team Date: 29/01/2025 Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova. This initiative addresses the increasing demand for affordable and reliable energy essential for AI development in the US. The project aims to deliver up to 4GW of power by 2027, with the potential for future growth. The first multi-gigawatt-scale power…
Author: PPD Team Date: 19/11/2024 Saatvik Green Energy Private Limited has secured a supply order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to provide solar-powered submersible pumps at 250 locations across Maharashtra. The pumps, ranging from 3 horsepower (HP) to 7.5 HP, aim to enhance water accessibility and support irrigation needs, contributing to sustainable agricultural practices in the region.
Author: PPD Team Date: 12/11/2024 Ahead of the Utkarsh Odisha conclave in January, Odisha’s single window clearance authority, led by Chief Secretary Manoj Ahuja, has approved 15 industrial projects worth Rs 33.53 billion. Spanning sectors like chemicals, renewable energy, steel, food processing, textiles, tourism, pharmaceuticals, and cement, these projects are expected to create over 4,637 jobs across six districts, including Khurda, Cuttack, Puri, Bargarh, Jharsuguda, and Koraput. This includes Rs 1.21 billion approval to Reliance…
Author: PPD Team Date: 31/03/2025 Solarium Green Energy Limited has won a rooftop solar contract worth approximately Rs 17.38 million from NTPC Vidyut Vyapar Nigam Limited (NVVNL) for a 500 kW grid-connected rooftop solar project at IGM Noida. The contract includes Rs 12.43 million for the supply of plant and equipment, Rs 1.77 million for transportation, insurance, installation, and safety provisions, and Rs 3.18 million for 10 years of comprehensive operations and maintenance. The project…
Author: PPD Team Date: 04/11/2024 The Ministry of New and Renewable Energy (MNRE) has proposed adding solar photovoltaic (PV) cells to its Approved List of Models and Manufacturers (ALMM), with implementation expected by April 2026. This new category, termed “ALMM List-II,” would mandate that all ALMM-compliant solar projects source cells from certified domestic manufacturers. Experts caution that this move could increase tariffs by 40-50 paise per unit, affecting project costs, timelines, and India’s renewable energy…
Author: PPD Team Date: 30/10/2024 Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million). The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month orderly marketing…
Author: PPD Team Date: 29/01/2025 Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova. This initiative addresses the increasing demand for affordable and reliable energy essential for AI development in the US. The project aims to deliver up to 4GW of power by 2027, with the potential for future growth. The first multi-gigawatt-scale power…
Author: PPD Team Date: 19/11/2024 Saatvik Green Energy Private Limited has secured a supply order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to provide solar-powered submersible pumps at 250 locations across Maharashtra. The pumps, ranging from 3 horsepower (HP) to 7.5 HP, aim to enhance water accessibility and support irrigation needs, contributing to sustainable agricultural practices in the region.
Author: PPD Team Date: 12/11/2024 Ahead of the Utkarsh Odisha conclave in January, Odisha’s single window clearance authority, led by Chief Secretary Manoj Ahuja, has approved 15 industrial projects worth Rs 33.53 billion. Spanning sectors like chemicals, renewable energy, steel, food processing, textiles, tourism, pharmaceuticals, and cement, these projects are expected to create over 4,637 jobs across six districts, including Khurda, Cuttack, Puri, Bargarh, Jharsuguda, and Koraput. This includes Rs 1.21 billion approval to Reliance…
Author: PPD Team Date: 31/03/2025 Solarium Green Energy Limited has won a rooftop solar contract worth approximately Rs 17.38 million from NTPC Vidyut Vyapar Nigam Limited (NVVNL) for a 500 kW grid-connected rooftop solar project at IGM Noida. The contract includes Rs 12.43 million for the supply of plant and equipment, Rs 1.77 million for transportation, insurance, installation, and safety provisions, and Rs 3.18 million for 10 years of comprehensive operations and maintenance. The project…
Author: PPD Team Date: 04/11/2024 The Ministry of New and Renewable Energy (MNRE) has proposed adding solar photovoltaic (PV) cells to its Approved List of Models and Manufacturers (ALMM), with implementation expected by April 2026. This new category, termed “ALMM List-II,” would mandate that all ALMM-compliant solar projects source cells from certified domestic manufacturers. Experts caution that this move could increase tariffs by 40-50 paise per unit, affecting project costs, timelines, and India’s renewable energy…
Author: PPD Team Date: 30/10/2024 Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million). The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month orderly marketing…