NTPC starts operations on 110 MW solar capacity in Rajasthan and Madhya Pradesh
Author: PPD Team Date: January 13, 2025
Author: PPD Team Date: January 13, 2025
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has commenced commercial operations on a cumulative 110 MW capacity under two major solar power projects in Rajasthan and Madhya Pradesh.
Author: PPD Team Date: February 9, 2026 ACEN Corporation has consolidated full ownership of its renewable energy joint venture in India with UPC Renewables, gaining complete control of a 1,059 MWdc portfolio under construction and a development pipeline of nearly 7 GW. The move positions India as a core market in ACEN’s international growth strategy. Through its subsidiary, ACEN Renewables International Pte. Ltd. (ACRI), ACEN acquired UPC Renewables’ stake in the jointly developed platform in…
Author: PPD Team Date: April 1, 2026 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with PTC India Limited on March 31, 2026. The agreement aims to explore the sale of renewable energy through bilateral arrangements and other market-based mechanisms. Non-binding framework for future transactions The MoU was signed by Sarit Maheshwari, Chief Executive Officer of NGEL, and Manoj Kumar Jhawar, Chairman and Managing Director of…
Author: PPD Team Date: January 2, 2025 Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat. The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and integration into the National Grid. The agreement was signed by Sh. Ashwani K….
Author: PPD Team Date: October 23, 2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public…
Author: PPD Team Date: February 13, 2025 ONGC NTPC Green Limited (ONGPL), a joint venture between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power for Rs 195 billion. The agreement was finalized with the National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital. NIIF is the majority shareholder in Ayana. For this…
Author: PPD Team Date: February 17, 2025 Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) worth Rs 67 billion from Singareni Collieries Company Limited (SCCL) for the engineering, procurement, and construction (EPC) package of the 1×800 MW Singareni Stage-II project, also known as the Adilabad Coal-Based Power Project Stage II. SCCL re-invited bids for the project in March 2024 after the initial invitation in November 2022. The contract involves the supply,…