Author: PPD Team Date: 21/01/2025
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited.
The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Author: PPD Team Date: 28/01/2025 Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt, focusing on wind and solar power. The first project under this agreement is a 1.1 GW wind power plant, with ACWA Power also as a…
Author: PPD Team Date: 28/01/2025 Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore. The current government, under Prime Minister Giorgia Meloni, is considering small modular reactors (SMRs) and advanced modular reactors to decarbonise carbon-intensive industries like steel, glass, and tile production. Despite the 1987 and 2011…
Author: PPD Team Date: 16/01/2025 NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has declared the commercial operation of the second part capacities of two solar projects. The 60 MW capacity from the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan, became operational on January 7, 2025, following the earlier commissioning of 160 MW on August 28, 2024. Meanwhile, the 50 MW capacity from the 220 MW Shajapur Solar Project (Unit-II) in…
Author: PPD Team Date: 05/02/2025 Amazon and Iberdrola have added 476 MW to their global renewable energy partnership, expanding into five countries. The new agreements include Amazon’s first PPA in Portugal for 219 MW from the Tâmega Wind Complex, the largest wind farm in Portugal, and additional PPAs in Spain for 257 MW from solar and wind projects. These projects will generate 1,093 GWh of carbon-free electricity annually, enough to power 300,000 homes. Amazon’s…
Author: PPD Team Date: 07/02/2025 The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification, lower carbon emissions, enhance energy security, and promote sustainable development. Launched on January 24, 2024, the scheme supports private firms and public sector undertakings (PSUs) in developing coal gasification projects. The…
Author: PPD Team Date: 03/12/2024 Sterling Tools has formed a partnership with Zhejiang Meishuo Electric Technology to manufacture latching relays in India, aiming for Rs 2 billion in revenue by FY2030. A new facility will be established in Bengaluru with an initial investment of Rs 200 million, spearheaded by its subsidiary, Sterling Tech-Mobility. The collaboration focuses on producing advanced latching relays for power transmission, smart metering systems, and consumer appliances. These energy-efficient electromechanical switches consume…
Author: PPD Team Date: 28/01/2025 Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt, focusing on wind and solar power. The first project under this agreement is a 1.1 GW wind power plant, with ACWA Power also as a…
Author: PPD Team Date: 28/01/2025 Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore. The current government, under Prime Minister Giorgia Meloni, is considering small modular reactors (SMRs) and advanced modular reactors to decarbonise carbon-intensive industries like steel, glass, and tile production. Despite the 1987 and 2011…
Author: PPD Team Date: 16/01/2025 NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has declared the commercial operation of the second part capacities of two solar projects. The 60 MW capacity from the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan, became operational on January 7, 2025, following the earlier commissioning of 160 MW on August 28, 2024. Meanwhile, the 50 MW capacity from the 220 MW Shajapur Solar Project (Unit-II) in…
Author: PPD Team Date: 05/02/2025 Amazon and Iberdrola have added 476 MW to their global renewable energy partnership, expanding into five countries. The new agreements include Amazon’s first PPA in Portugal for 219 MW from the Tâmega Wind Complex, the largest wind farm in Portugal, and additional PPAs in Spain for 257 MW from solar and wind projects. These projects will generate 1,093 GWh of carbon-free electricity annually, enough to power 300,000 homes. Amazon’s…
Author: PPD Team Date: 07/02/2025 The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification, lower carbon emissions, enhance energy security, and promote sustainable development. Launched on January 24, 2024, the scheme supports private firms and public sector undertakings (PSUs) in developing coal gasification projects. The…
Author: PPD Team Date: 03/12/2024 Sterling Tools has formed a partnership with Zhejiang Meishuo Electric Technology to manufacture latching relays in India, aiming for Rs 2 billion in revenue by FY2030. A new facility will be established in Bengaluru with an initial investment of Rs 200 million, spearheaded by its subsidiary, Sterling Tech-Mobility. The collaboration focuses on producing advanced latching relays for power transmission, smart metering systems, and consumer appliances. These energy-efficient electromechanical switches consume…
Author: PPD Team Date: 28/01/2025 Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt, focusing on wind and solar power. The first project under this agreement is a 1.1 GW wind power plant, with ACWA Power also as a…
Author: PPD Team Date: 28/01/2025 Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore. The current government, under Prime Minister Giorgia Meloni, is considering small modular reactors (SMRs) and advanced modular reactors to decarbonise carbon-intensive industries like steel, glass, and tile production. Despite the 1987 and 2011…