Author: PPD Team Date: January 14, 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: October 16, 2025 Adani Green Energy Ltd. (AGEL) has commissioned a 50 MW solar power project at its Khavda site in Gujarat, bringing its total operational renewable capacity to 16,729.80 MW. The project was approved for operation on October 15, 2025, and began commercial generation the following day. In a separate filing, AGEL announced the incorporation of five new wholly owned step-down subsidiaries—Adani Hydro Energy Eleven, Twelve, Fourteen, Fifteen, and Seventeen…
Author: PPD Team Date: July 10, 2025 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has set up three new Special Purpose Vehicles (SPVs) to implement upcoming transmission infrastructure projects. The three newly incorporated SPVs are: Ananthapuram II Power Transmission Limited, for the Transmission System for Integration of Ananthapuram-II REZ – Phase-II (3 GW). Davanagere Power Transmission Limited, for Transmission system strengthening at Davanagere to integrate RE generation….
Author: PPD Team Date: September 22, 2025 KPI Green Energy Limited has issued India’s first externally credit-enhanced green bond on the National Stock Exchange, raising Rs 6.70 billion. The five-year bond carries an annual coupon of 8.5 per cent and has been rated AA+ by both CRISIL and ICRA. The bond is backed by a 65 per cent partial guarantee from GuarantCo, part of the Private Infrastructure Development Group, funded by several governments, including the…
Author: PPD Team Date: October 7, 2025 Solar and energy storage developers will face higher equipment prices from Q4 2025 due to Chinese policy changes and production cuts, according to Wood Mackenzie. This marks an end to the 18-month period of unusually low prices in the market. The report identifies three main factors driving the increase: consolidation in the polysilicon sector, supply-side production cuts, and the cancellation of China’s 13% VAT export rebate. Together, these…
Author: PPD Team Date: March 17, 2025 The Government of Jammu & Kashmir (GoJK) has proposed a 50 MVA, 220/33 kV gas-insulated substation (GIS) at Batkote in Pahalgam. The project is expected to be implemented through a tariff-based competitive bidding (TBCB) process as part of the state’s transmission plan for 2022-27. According to the Central Electricity Authority (CEA), Jammu & Kashmir had no targets for transmission capacity additions at 220 kV and above for the…
Author: PPD Team Date: October 24, 2024 Brookfield Properties will use renewable energy from its solar project in Bikaner, Rajasthan, to provide green power to four of its office campuses in the Delhi-NCR region. This marks the company’s first collaboration in India under the Inter State Transmission System (ISTS) bilateral framework. The initiative will supply 40% of the energy needs for tenants at the Candor TechSpace campuses located in Sector 48 and Sector 21 in…