Author: PPD Team Date: 20/01/2025
Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: 03/04/2025 Trident Group commissioned an 11.02 MWp rooftop solar power project at its Budhni facility in Madhya Pradesh on March 29, 2025. The project, developed at Rs 280 million, includes capacities of 6.58 MWp and 4.44 MWp. With this addition, the total commissioned solar capacity at the Budhni facility has reached 51.92 MWp. This marks the second solar project commissioned in Madhya Pradesh in March. Earlier, NTPC Renewable Energy Limited (NTPC…
Author: PPD Team Date: 25/03/2025 China has missed a key carbon emissions target, casting doubt on its ability to meet long-term climate goals. The country’s carbon intensity, emissions per unit of GDP, fell 3.4% in 2024, short of the 3.9% target set by Beijing, according to the National Bureau of Statistics. This setback also puts China behind on its broader goal of cutting carbon intensity by 18% between 2020 and 2025. Under its “dual targets,”…
Author: PPD Team Date: 12/02/2025 REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. This follows the Request for Proposal (RfP) bids, in which four firms were shortlisted for a total rupee term loan (RTL) facility of Rs 63.69 billion for the project. These firms include Housing and Urban…
Author: PPD Team Date: 23/01/2025 Reliance Energy Limited (REL), a subsidiary of Reliance Infrastructure Limited, has established two wholly-owned subsidiaries to implement renewable energy (RE) projects in India. The subsidiaries, Reliance Zetta SolarTech Private Limited and Reliance Zetta Solar Private Limited, will focus on solar and other RE power generation projects, as well as associated transmission and distribution projects.
Author: PPD Team Date: 07/02/2025 The Government of Bihar plans to invite bids for the 2,400 MW Pirpainti Thermal Power Project by March 2025. Initially planned as a 1,320 MW project with two units of 660 MW, the capacity has been revised to 2,400 MW with three units of 800 MW. The project will be developed in Pirpainti, Bhagalpur district, Bihar. A Memorandum of Understanding (MoU) for the original 1,320 MW project was signed in…
Author: PPD Team Date: 03/12/2024 Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of 24 turbines, began operations in December 2023 and marked RPC’s entry into the Swedish market…
Author: PPD Team Date: 03/04/2025 Trident Group commissioned an 11.02 MWp rooftop solar power project at its Budhni facility in Madhya Pradesh on March 29, 2025. The project, developed at Rs 280 million, includes capacities of 6.58 MWp and 4.44 MWp. With this addition, the total commissioned solar capacity at the Budhni facility has reached 51.92 MWp. This marks the second solar project commissioned in Madhya Pradesh in March. Earlier, NTPC Renewable Energy Limited (NTPC…
Author: PPD Team Date: 25/03/2025 China has missed a key carbon emissions target, casting doubt on its ability to meet long-term climate goals. The country’s carbon intensity, emissions per unit of GDP, fell 3.4% in 2024, short of the 3.9% target set by Beijing, according to the National Bureau of Statistics. This setback also puts China behind on its broader goal of cutting carbon intensity by 18% between 2020 and 2025. Under its “dual targets,”…
Author: PPD Team Date: 12/02/2025 REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. This follows the Request for Proposal (RfP) bids, in which four firms were shortlisted for a total rupee term loan (RTL) facility of Rs 63.69 billion for the project. These firms include Housing and Urban…
Author: PPD Team Date: 23/01/2025 Reliance Energy Limited (REL), a subsidiary of Reliance Infrastructure Limited, has established two wholly-owned subsidiaries to implement renewable energy (RE) projects in India. The subsidiaries, Reliance Zetta SolarTech Private Limited and Reliance Zetta Solar Private Limited, will focus on solar and other RE power generation projects, as well as associated transmission and distribution projects.
Author: PPD Team Date: 07/02/2025 The Government of Bihar plans to invite bids for the 2,400 MW Pirpainti Thermal Power Project by March 2025. Initially planned as a 1,320 MW project with two units of 660 MW, the capacity has been revised to 2,400 MW with three units of 800 MW. The project will be developed in Pirpainti, Bhagalpur district, Bihar. A Memorandum of Understanding (MoU) for the original 1,320 MW project was signed in…
Author: PPD Team Date: 03/12/2024 Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of 24 turbines, began operations in December 2023 and marked RPC’s entry into the Swedish market…
Author: PPD Team Date: 03/04/2025 Trident Group commissioned an 11.02 MWp rooftop solar power project at its Budhni facility in Madhya Pradesh on March 29, 2025. The project, developed at Rs 280 million, includes capacities of 6.58 MWp and 4.44 MWp. With this addition, the total commissioned solar capacity at the Budhni facility has reached 51.92 MWp. This marks the second solar project commissioned in Madhya Pradesh in March. Earlier, NTPC Renewable Energy Limited (NTPC…
Author: PPD Team Date: 25/03/2025 China has missed a key carbon emissions target, casting doubt on its ability to meet long-term climate goals. The country’s carbon intensity, emissions per unit of GDP, fell 3.4% in 2024, short of the 3.9% target set by Beijing, according to the National Bureau of Statistics. This setback also puts China behind on its broader goal of cutting carbon intensity by 18% between 2020 and 2025. Under its “dual targets,”…