Insolation Energy forms 16 solar SPVs through subsidiary

By October 6, 2025October 28, 2025

Author: PPD Team Date: October 6, 2025

Insolation Energy’s subsidiary, Insolation Green Energy Pvt. Ltd., has incorporated sixteen special purpose vehicles (SPVs) over two phases to support renewable energy initiatives.

On September 30, 2025, eleven entities were formed: DVJG Green Infra Pvt. Ltd., GDRV Green Infra Pvt. Ltd., GNJM Green Infra Pvt. Ltd., GVHJ Green Infra Pvt. Ltd., HPJG Green Infra Pvt. Ltd., PDJN Green Infra Pvt. Ltd., EGHR Green Infra Pvt. Ltd., JENP Green Infra Pvt. Ltd., VJEG Green Infra Pvt. Ltd., NGRJ Green Infra Pvt. Ltd., and MGJR Green Infra Pvt. Ltd.

Five additional subsidiaries—EGRJ Green Infra Pvt. Ltd., GJPN Green Infra Pvt. Ltd., JGVR Green Infra Pvt. Ltd., HGJP Green Infra Pvt. Ltd., and PDGN Green Infra Pvt. Ltd.—were incorporated on October 3, 2025.

According to company disclosures, these SPVs are intended to develop, erect, commission, and operate solar and other renewable power plants, including rooftop solar PV projects. The entities have not yet begun operations.

Global | News

Good Energy to acquire solar installer Empower Energy
By October 30, 2024October 30, 2024

Author: PPD Team Date: October 30, 2024 Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million). The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month…

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India | Generation | News

JSW Energy signs 1,600 MW Salboni PPA with WBSEDCL
By January 21, 2026January 21, 2026

Author: PPD Team Date: January 21, 2026 JSW Energy Limited said on 20 January 2026 that its wholly owned subsidiary, JSW Thermal Energy Two Limited, has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a 1,600 MW thermal power project at Salboni in West Bengal. The PPA covers a greenfield project comprising two units of 800 MW each, based on super and ultra supercritical technology. The project…

Read More JSW Energy signs 1,600 MW Salboni PPA with WBSEDCL
India | News

Himachal Pradesh electricity board posts Rs 315 crore profit in FY 2024‑25
By August 4, 2025August 4, 2025

Author: PPD Team Date: August 4, 2025 Himachal Pradesh State Electricity Board Ltd (HPSEBL) reported a profit of Rs 315 crore in the financial year 2024‑25, marking its first-ever surplus after years of losses. HPSEBL had accumulated losses totalling Rs 3,742 crore by March 31, 2024. The turnaround is attributed to governance reforms and efficiency drives led by the current state government. With improved finances, the state approved Rs 368.89 crore for employee benefits, including…

Read More Himachal Pradesh electricity board posts Rs 315 crore profit in FY 2024‑25
India | Generation | News

Ministry of Coal launches 13th round of commercial coal mine auctions
By August 25, 2025October 28, 2025

Author: PPD Team Date: August 25, 2025 The Ministry of Coal opened the 13th round of commercial coal mine auctions in New Delhi on 21 August 2025. Union Minister of Coal and Mines G. Kishan Reddy noted that India crossed one billion tonnes of coal production in FY 2025. He highlighted that 134 mines had been auctioned in 12 rounds, drawing investments of Rs 41,600 crore and generating more than 3.5 lakh jobs. The new…

Read More Ministry of Coal launches 13th round of commercial coal mine auctions
Global | News

Bureau Veritas acquires Versatec Energy to expand energy sector services
By November 14, 2024November 14, 2024

Author: PPD Team Date: November 14, 2024 Bureau Veritas has acquired Versatec Energy, a Netherlands-based technical advisory firm specializing in offshore and onshore energy. Financial terms of the acquisition remain undisclosed. This acquisition enhances Bureau Veritas’ expertise in technical compliance and industrial risk management within the energy sector, aligning with its LEAP | 28 strategy focused on renewables and low-carbon assets. The integration of Versatec Energy’s experience strengthens Bureau Veritas’ service offerings in oil and…

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Finance | India | News

JK Cement raises stake in O2 Renewable Energy V
By December 8, 2025December 8, 2025

Author: PPD Team Date: December 8, 2025 JK Cement Limited has expanded its investment in O2 Renewable Energy V Private Limited with a further 12.21 per cent equity purchase for about Rs 0.05 billion. The transaction lifts its total shareholding in the O2 Power SPV to 28.97 per cent. The company bought 46,45,658 shares from JSW Neo Energy Limited at Rs 11.18 per share. The higher stake strengthens JK Cement Limited’s renewable energy portfolio and…

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