Author: PPD Team Date: 14/01/2025
Lupin Limited has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Private Limited.
This follows the share subscription and shareholders agreement with Sunsure Solarpark and Sunsure Energy Private Limited, involving an equity investment of Rs 105.53 million, to be executed in two tranches.
Author: PPD Team Date: 10/02/2025 AEI New Energy Trading Private Limited, a wholly-owned subsidiary of Amazon India Retail Private Limited, has signed power purchase agreements (PPAs) with three companies for procuring power from 379 MW wind power projects. The agreements include: JSW Neo Energy Private Limited, a wholly-owned subsidiary of JSW Energy Limited (JSWEL), for 180 MW of wind power from its project in Dharapuram, Tamil Nadu. CleanMax Enviro Energy Solutions Private Limited for 100…
Author: PPD Team Date: 21/03/2025 PFC Consulting Limited (PFCCL) transferred Mundra I Transmission Limited, a special purpose vehicle (SPV) to Adani Energy Solutions Limited (AESL) for development of the Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing potential in Mundra area of Gujarat (3 GW) Under Phase-I Part B1 on March 20, 2025. PFCCL had invited Request for Proposal (RFP) bids for the project in October 2024. Competitive bidding process PFCCL, acting as…
Author: PPD Team Date: 26/05/2025 The Ministry of Power (MoP) and the Bureau of Energy Efficiency (BEE) have issued fresh directives to ensure compliance with the Renewable Consumption Obligations (RCO) framework. This applies to designated consumers, including captive power plants (CPPs) and open access (OA) users. The RCO system stems from amendments made to the Energy Conservation Act, 2001 in 2022. It replaces older Renewable Purchase Obligation (RPO) guidelines and mandates a rising share of…
Author: PPD Team Date: 28/01/2025 Indian Oil Corporation (IOCL) plans to acquire five to six GW of solar and wind power projects to expand its renewable energy portfolio. The company targets 31 GW of renewable energy capacity by 2031 through organic growth, joint ventures, and mergers and acquisitions. IOCL currently has a renewable energy capacity of 246.94 MW and established Terra Clean, a wholly owned subsidiary, in 2024 to drive clean energy operations. Terra Clean…
Author: PPD Team Date: 06/01/2025 The Andhra Pradesh government has approved renewable energy projects totalling Rs 27.23 billion. Key initiatives include a 1 million tonne per annum green ammonia facility in Kakinada by AM Green Ammonia (India) Private Limited, to promote eco-friendly fuel production. Additionally, a solar hybrid and battery storage project in Nandyal and Kadapa districts has been approved. Developed by Clean Renewable Energy Hybrid Three Way Limited, it will combine 119 MW wind…
Author: PPD Team Date: 18/10/2024 According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030. This growth rate is double that of the country’s overall power capacity, which is projected to grow by 7.5%-8%, increasing from 442 GW in March 2024. India’s renewable energy capacity, including large hydro projects, stood at…
Author: PPD Team Date: 10/02/2025 AEI New Energy Trading Private Limited, a wholly-owned subsidiary of Amazon India Retail Private Limited, has signed power purchase agreements (PPAs) with three companies for procuring power from 379 MW wind power projects. The agreements include: JSW Neo Energy Private Limited, a wholly-owned subsidiary of JSW Energy Limited (JSWEL), for 180 MW of wind power from its project in Dharapuram, Tamil Nadu. CleanMax Enviro Energy Solutions Private Limited for 100…
Author: PPD Team Date: 21/03/2025 PFC Consulting Limited (PFCCL) transferred Mundra I Transmission Limited, a special purpose vehicle (SPV) to Adani Energy Solutions Limited (AESL) for development of the Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing potential in Mundra area of Gujarat (3 GW) Under Phase-I Part B1 on March 20, 2025. PFCCL had invited Request for Proposal (RFP) bids for the project in October 2024. Competitive bidding process PFCCL, acting as…
Author: PPD Team Date: 26/05/2025 The Ministry of Power (MoP) and the Bureau of Energy Efficiency (BEE) have issued fresh directives to ensure compliance with the Renewable Consumption Obligations (RCO) framework. This applies to designated consumers, including captive power plants (CPPs) and open access (OA) users. The RCO system stems from amendments made to the Energy Conservation Act, 2001 in 2022. It replaces older Renewable Purchase Obligation (RPO) guidelines and mandates a rising share of…
Author: PPD Team Date: 28/01/2025 Indian Oil Corporation (IOCL) plans to acquire five to six GW of solar and wind power projects to expand its renewable energy portfolio. The company targets 31 GW of renewable energy capacity by 2031 through organic growth, joint ventures, and mergers and acquisitions. IOCL currently has a renewable energy capacity of 246.94 MW and established Terra Clean, a wholly owned subsidiary, in 2024 to drive clean energy operations. Terra Clean…
Author: PPD Team Date: 06/01/2025 The Andhra Pradesh government has approved renewable energy projects totalling Rs 27.23 billion. Key initiatives include a 1 million tonne per annum green ammonia facility in Kakinada by AM Green Ammonia (India) Private Limited, to promote eco-friendly fuel production. Additionally, a solar hybrid and battery storage project in Nandyal and Kadapa districts has been approved. Developed by Clean Renewable Energy Hybrid Three Way Limited, it will combine 119 MW wind…
Author: PPD Team Date: 18/10/2024 According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030. This growth rate is double that of the country’s overall power capacity, which is projected to grow by 7.5%-8%, increasing from 442 GW in March 2024. India’s renewable energy capacity, including large hydro projects, stood at…
Author: PPD Team Date: 10/02/2025 AEI New Energy Trading Private Limited, a wholly-owned subsidiary of Amazon India Retail Private Limited, has signed power purchase agreements (PPAs) with three companies for procuring power from 379 MW wind power projects. The agreements include: JSW Neo Energy Private Limited, a wholly-owned subsidiary of JSW Energy Limited (JSWEL), for 180 MW of wind power from its project in Dharapuram, Tamil Nadu. CleanMax Enviro Energy Solutions Private Limited for 100…
Author: PPD Team Date: 21/03/2025 PFC Consulting Limited (PFCCL) transferred Mundra I Transmission Limited, a special purpose vehicle (SPV) to Adani Energy Solutions Limited (AESL) for development of the Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing potential in Mundra area of Gujarat (3 GW) Under Phase-I Part B1 on March 20, 2025. PFCCL had invited Request for Proposal (RFP) bids for the project in October 2024. Competitive bidding process PFCCL, acting as…