Author: PPD Team Date: 02/01/2025
Similar Posts
Equinor cuts 20% of renewables workforce amid offshore wind challenges
Author: PPD Team Date: 26/11/2024 According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector. These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a significant role in the global…
Voltamp Transformers secures Rs 2,633.3 million contract from GETCO
Author: PPD Team Date: 12/11/2024 Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers. The project, awarded on November 5, 2024, is expected to be completed within 12 months.
Continuum Green Energy files DRHP to raise Rs 36.5 billion through IPO
Author: PPD Team Date: 11/12/2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue will primarily…
FGD retrofitting in thermal power plants reaches 11% of total capacity
Author: PPD Team Date: 18/12/2024 The retrofitting of thermal power plants with flue-gas desulphurization (FGD) units has reached only 11.1% of the total installed capacity, according to a report presented in Parliament. Union Power Minister Manohar Lal informed the Rajya Sabha on December 16, 2024, that FGD units have been commissioned in 44 thermal power plants, representing a combined capacity of 22,590 MW out of the total target of 2,04,160 MW across 537 units. Work…
CEA releases new AWS rules to improve weather data in renewable projects
Author: PPD Team Date: 08/07/2025 The Central Electricity Authority (CEA) has issued revised guidelines for Automatic Weather Stations (AWS) in solar and wind power plants. The rules will improve the accuracy of real-time weather data, strengthen grid reliability, and support regulatory compliance for renewable energy developers. AWS units are to be installed within the boundaries of the project site. For solar plants, the AWS location should reflect the terrain and panel tilt. For wind projects,…
BOEM considers offshore wind leasing off Guam
Author: PPD Team Date: 06/01/2025 The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing…
Equinor cuts 20% of renewables workforce amid offshore wind challenges
Author: PPD Team Date: 26/11/2024 According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector. These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a significant role in the global…
Voltamp Transformers secures Rs 2,633.3 million contract from GETCO
Author: PPD Team Date: 12/11/2024 Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers. The project, awarded on November 5, 2024, is expected to be completed within 12 months.
Continuum Green Energy files DRHP to raise Rs 36.5 billion through IPO
Author: PPD Team Date: 11/12/2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue will primarily…
FGD retrofitting in thermal power plants reaches 11% of total capacity
Author: PPD Team Date: 18/12/2024 The retrofitting of thermal power plants with flue-gas desulphurization (FGD) units has reached only 11.1% of the total installed capacity, according to a report presented in Parliament. Union Power Minister Manohar Lal informed the Rajya Sabha on December 16, 2024, that FGD units have been commissioned in 44 thermal power plants, representing a combined capacity of 22,590 MW out of the total target of 2,04,160 MW across 537 units. Work…
CEA releases new AWS rules to improve weather data in renewable projects
Author: PPD Team Date: 08/07/2025 The Central Electricity Authority (CEA) has issued revised guidelines for Automatic Weather Stations (AWS) in solar and wind power plants. The rules will improve the accuracy of real-time weather data, strengthen grid reliability, and support regulatory compliance for renewable energy developers. AWS units are to be installed within the boundaries of the project site. For solar plants, the AWS location should reflect the terrain and panel tilt. For wind projects,…
BOEM considers offshore wind leasing off Guam
Author: PPD Team Date: 06/01/2025 The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing…
Equinor cuts 20% of renewables workforce amid offshore wind challenges
Author: PPD Team Date: 26/11/2024 According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector. These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a significant role in the global…
Voltamp Transformers secures Rs 2,633.3 million contract from GETCO
Author: PPD Team Date: 12/11/2024 Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers. The project, awarded on November 5, 2024, is expected to be completed within 12 months.