Author: PPD Team Date: 02/01/2025
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Author: PPD Team Date: 14/01/2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs 5.22 per…
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Sany Wind secures wind turbine orders from JSW Group and Sembcorp
Author: PPD Team Date: 30/10/2024 Sany Wind Energy India has signed agreements to supply wind turbines with a total capacity exceeding 1.3 GW to three subsidiaries of the JSW Group. Additionally, a 300 MW deal has been finalized with Sembcorp’s India branch, a subsidiary of Singapore’s state-owned energy company. While financial details and specific project locations remain undisclosed, these partnerships highlight Sany’s commitment to advancing wind energy in India. Sany Renewable Energy, a division of…
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Author: PPD Team Date: 15/10/2024 Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2 billion. With a module manufacturing capacity of 3.8 GW as of FY24-25, Saatvik is strategically expanding and developing PV modules with advanced zero-busbar and 24-busbar technology. The company is…
Tata Power signs MoU with Andhra Pradesh for 7,000 MW green energy projects
Author: PPD Team Date: 10/03/2025 Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to develop up to 7,000 MW of renewable energy projects. Under this partnership, TPREL and the Andhra Pradesh government will explore solar, wind, and hybrid projects, with or without storage solutions. The agreement, signed in Amaravati, involves an estimated Rs 490 billion investment, making…
JSW Energy acquires renewable energy assets from Hetero Group
Author: PPD Team Date: 14/01/2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs 5.22 per…
Elapath Energy and RenewableErgon to develop 150 MW solar project in Taiwan
Author: PPD Team Date: 12/11/2024 Elapath Energy and RenewableErgon are set to develop a 150 MW solar project in Budai, Chiayi County, Taiwan, with an estimated investment of $250 million. The project is slated to begin its first phase in December 2024, pending approval from Taiwan’s Energy Administration under the Ministry of Economic Affairs (MOEA), and is expected to be completed by February 2025. RenewableErgon, a blockchain-based platform, integrates smart contracts, dynamic electricity pricing, and…