Author: PPD Team Date: 06/01/2025
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: 20/01/2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, along with the Sandrini BESS storage facility. These plants share grid connection infrastructure and have a combined installed capacity of 499…
Author: PPD Team Date: 25/04/2025 Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have formed a joint venture (JV) to build 8-10 compressed biogas (CBG) plants in several Indian states, including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. The JV aims to convert organic biomass waste into CBG, contributing to renewable energy goals and promoting waste-to-energy technology. The partnership plans to establish CBG production facilities using organic biomass, including agricultural and other…
Author: PPD Team Date: 07/11/2024 Serentica Renewables has announced plans to develop renewable energy projects with a combined capacity of 10 GW in Andhra Pradesh, supporting both India’s clean energy goals and the state’s green vision. This initiative aligns with Andhra Pradesh’s target of 72 GW in renewable capacity by 2030, providing a foundation for sustainable industrial growth in the region. Pratik Agarwal, Chairman of Serentica Renewables, emphasized the state’s renewable potential, stating, “Our 10…
Author: PPD Team Date: 28/10/2024 Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million. The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires….
Author: PPD Team Date: 11/12/2024 Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy. The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem. The projects are expected to be implemented over the next five years.
Author: PPD Team Date: 07/05/2025 Crescentia Technology Private Limited, the special purpose vehicle (SPV) of Bhagyanagar India Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. The project will be developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program at various locations across…
Author: PPD Team Date: 20/01/2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, along with the Sandrini BESS storage facility. These plants share grid connection infrastructure and have a combined installed capacity of 499…
Author: PPD Team Date: 25/04/2025 Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have formed a joint venture (JV) to build 8-10 compressed biogas (CBG) plants in several Indian states, including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. The JV aims to convert organic biomass waste into CBG, contributing to renewable energy goals and promoting waste-to-energy technology. The partnership plans to establish CBG production facilities using organic biomass, including agricultural and other…
Author: PPD Team Date: 07/11/2024 Serentica Renewables has announced plans to develop renewable energy projects with a combined capacity of 10 GW in Andhra Pradesh, supporting both India’s clean energy goals and the state’s green vision. This initiative aligns with Andhra Pradesh’s target of 72 GW in renewable capacity by 2030, providing a foundation for sustainable industrial growth in the region. Pratik Agarwal, Chairman of Serentica Renewables, emphasized the state’s renewable potential, stating, “Our 10…
Author: PPD Team Date: 28/10/2024 Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million. The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires….
Author: PPD Team Date: 11/12/2024 Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy. The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem. The projects are expected to be implemented over the next five years.
Author: PPD Team Date: 07/05/2025 Crescentia Technology Private Limited, the special purpose vehicle (SPV) of Bhagyanagar India Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. The project will be developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program at various locations across…
Author: PPD Team Date: 20/01/2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, along with the Sandrini BESS storage facility. These plants share grid connection infrastructure and have a combined installed capacity of 499…
Author: PPD Team Date: 25/04/2025 Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have formed a joint venture (JV) to build 8-10 compressed biogas (CBG) plants in several Indian states, including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. The JV aims to convert organic biomass waste into CBG, contributing to renewable energy goals and promoting waste-to-energy technology. The partnership plans to establish CBG production facilities using organic biomass, including agricultural and other…