Author: PPD Team Date: January 20, 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: January 10, 2025 Exus Renewables has acquired the 130MWp Cibele solar farm in Portugal from Lightsource bp. Located in Rio Maior and Cadaval, the project is ready for construction, which is set to begin in early 2025, with operations expected in 2026. The acquisition supports Exus’ renewable energy strategy in the Iberian Peninsula and aligns with its hybridisation goals, as the site allows for potential future wind energy integration. Exus Renewables’…
Author: PPD Team Date: March 3, 2025 Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), have signed a power purchase agreement (PPA) with JSW Green Energy Nine Private Limited, a special purpose vehicle (SPV) of JSW Neo Energy Limited, a subsidiary of JSW Energy Limited (JSWEL). Under the agreement, the SPV will develop an 84.9 MW wind-solar hybrid power project in Tamil Nadu, consisting of 64.9 MW solar and 20 MW…
Author: PPD Team Date: June 27, 2025 Energizent Power Private Limited, a step-down subsidiary of JSW Energy Limited, signed a 25-year power purchase agreement (PPA) with NHPC Limited on June 25, 2025. The agreement covers a 300 MW wind-solar hybrid power project to be developed in Rajasthan and Andhra Pradesh. The project was originally awarded in February 2024 to Energizent Power, then a wholly-owned subsidiary of O2 Power Private Limited. The company had secured the…
Author: PPD Team Date: December 9, 2024 Gautam Solar has filed a patent for its innovative Artificial Intelligence (AI)-based system designed to detect defects in solar panels. This system integrates advanced imaging and AI technologies to improve the efficiency and precision of defect detection in photovoltaic cells, setting a new benchmark in the solar industry. The patent, titled “AI-Based System for Detecting Defects in Solar Panels,” combines electroluminescence (EL) and visual imaging to provide real-time,…
Author: PPD Team Date: January 29, 2025 The Bureau of Energy Efficiency (BEE) and The Energy and Resources Institute (TERI) have signed an MoU to set up a Centre of Excellence for Energy Transition (CoEET) in Hyderabad. The centre will focus on research, innovation, and capacity-building in energy transition technologies and policies. Key areas include reducing greenhouse gas emissions, improving energy efficiency, and promoting low-carbon technologies across industries, MSMEs, buildings, transport, power, and mining sectors….
Author: PPD Team Date: January 8, 2025 On January 7, 2025, NTPC Limited incorporated NTPC Parmanu Urja Nigam Limited (NPUNL), a special purpose vehicle (SPV) for the implementation of Nuclear Power Plants (NPPs). The Ministry of Power (MoP) has confirmed the approval for the SPV formation, with concurrence from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog. The NPUNL will focus on planning and executing an integrated program to harness nuclear…