Author: PPD Team Date: 16/01/2025
NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC.
The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station.
NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.
Author: PPD Team Date: 29/05/2025 Nextracker has signed an agreement with ReNew Power Ventures Private Limited to supply solar trackers for a 305 MW solar project in Anantapur, Andhra Pradesh. The project is part of ReNew Power’s larger 2,800 MWp wind-solar hybrid development, which includes 1,800 MWp of solar, 1,000 MW of wind, and a 2,000 MWh Battery Energy Storage System (BESS). The entire project also involves building a 100 km extra high voltage (EHV)…
Author: PPD Team Date: 20/01/2025 AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines. Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Author: PPD Team Date: 26/12/2024 India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of solar modules, which accounted for 50% of domestic production. However, by FY30, exports are expected…
Author: PPD Team Date: 26/05/2025 Promethean Energy has secured $2 million in a Pre-Series A funding round led by Transition VC. Other participants included Sangam Venture, Sagana Capital, and Fondation Botnar. The Mumbai-based clean technology company will use the funds to expand its product line, scale operations, and strengthen its presence across India and Southeast Asia. It also plans to build a national network of sales and service engineers. The company is developing an AI-powered…
Author: PPD Team Date: 21/11/2024 The UK and US have announced a partnership at COP29 in Baku, Azerbaijan, to advance nuclear technologies aimed at industrial decarbonisation and energy security. UK Energy Secretary Ed Miliband and US Deputy Secretary of Energy David Turk signed an agreement to fund billions of pounds in nuclear research and development, engaging leading academic institutions and innovators from both nations. The UK will lead an international forum to promote information-sharing on…
Author: PPD Team Date: 03/02/2025 The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 163 billion and an expected investment of Rs 180 billion from PSUs and other stakeholders. Aligned with the Atmanirbhar Bharat initiative, the mission aims to strengthen India’s self-reliance in critical minerals, crucial for high-tech industries, clean energy, and defence. This move is part of…
Author: PPD Team Date: 29/05/2025 Nextracker has signed an agreement with ReNew Power Ventures Private Limited to supply solar trackers for a 305 MW solar project in Anantapur, Andhra Pradesh. The project is part of ReNew Power’s larger 2,800 MWp wind-solar hybrid development, which includes 1,800 MWp of solar, 1,000 MW of wind, and a 2,000 MWh Battery Energy Storage System (BESS). The entire project also involves building a 100 km extra high voltage (EHV)…
Author: PPD Team Date: 20/01/2025 AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines. Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Author: PPD Team Date: 26/12/2024 India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of solar modules, which accounted for 50% of domestic production. However, by FY30, exports are expected…
Author: PPD Team Date: 26/05/2025 Promethean Energy has secured $2 million in a Pre-Series A funding round led by Transition VC. Other participants included Sangam Venture, Sagana Capital, and Fondation Botnar. The Mumbai-based clean technology company will use the funds to expand its product line, scale operations, and strengthen its presence across India and Southeast Asia. It also plans to build a national network of sales and service engineers. The company is developing an AI-powered…
Author: PPD Team Date: 21/11/2024 The UK and US have announced a partnership at COP29 in Baku, Azerbaijan, to advance nuclear technologies aimed at industrial decarbonisation and energy security. UK Energy Secretary Ed Miliband and US Deputy Secretary of Energy David Turk signed an agreement to fund billions of pounds in nuclear research and development, engaging leading academic institutions and innovators from both nations. The UK will lead an international forum to promote information-sharing on…
Author: PPD Team Date: 03/02/2025 The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 163 billion and an expected investment of Rs 180 billion from PSUs and other stakeholders. Aligned with the Atmanirbhar Bharat initiative, the mission aims to strengthen India’s self-reliance in critical minerals, crucial for high-tech industries, clean energy, and defence. This move is part of…
Author: PPD Team Date: 29/05/2025 Nextracker has signed an agreement with ReNew Power Ventures Private Limited to supply solar trackers for a 305 MW solar project in Anantapur, Andhra Pradesh. The project is part of ReNew Power’s larger 2,800 MWp wind-solar hybrid development, which includes 1,800 MWp of solar, 1,000 MW of wind, and a 2,000 MWh Battery Energy Storage System (BESS). The entire project also involves building a 100 km extra high voltage (EHV)…
Author: PPD Team Date: 20/01/2025 AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines. Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.