Lupin to acquire 42.61% stake in Sunsure Solarpark
Author: PPD Team Date: 21/09/2024
Author: PPD Team Date: 21/09/2024
Lupin Limited has signed a share subscription and shareholders agreement with Sunsure Solarpark Seventeen Private Limited and Sunsure Energy Private Limited to acquire up to 42.61% of Sunsure Solarpark’s shares through an investment of Rs 105.53 million, completed in two stages.
This investment will allow Lupin to source renewable energy for its Tarapur manufacturing site, reducing power costs and advancing its decarbonization goals. The transaction is expected to be finalized within the next six months.
Author: PPD Team Date: 13/12/2024 Japanese utility Kansai Electric Power has entered into a share purchase agreement with Iberdrola to acquire a 49% stake in the Windanker offshore wind farm project in Germany. Kansai’s subsidiary, Windanker Investco, will hold the stake, subject to approval from German authorities, while Iberdrola will retain the remaining 51%. This marks the beginning of Kansai’s collaboration with Iberdrola on international renewable energy projects. The Windanker project will be Kansai’s fifth…
Author: PPD Team Date: 02/07/2025 NHPC Limited is awaiting final clearance from the National Dam Safety Authority (NDSA) to begin commercial operations of the first three units—each of 250 MW—of the Subansiri Lower Hydroelectric Project. The update was confirmed by NHPC on June 30, 2025, as reported by Assam Tribune. The long-delayed, high-stakes project on the Subansiri River near North Lakhimpur—at the border of Assam and Arunachal Pradesh—has already consumed over Rs 90 billion and…
Author: PPD Team Date: 16/09/2024 Lignite-to-power producer NLC India Ltd (NLCIL) plans to invest approximately Rs 500 billion to increase its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, has been established to focus on renewable energy generation. The company aims to achieve a 50% renewable energy (RE) share in its total planned capacity. Currently, 2 GW of renewable energy projects are under…
Author: PPD Team Date: 10/10/2024 Saatvik Solar has secured a contract to supply 213 MW of solar photovoltaic (PV) modules to Larsen & Toubro (L&T) for its 245 MW battery energy storage system (BESS) project in Bihar. The project consists of 185 MW for a grid-connected solar power plant and 45.4 MW for a 4-hour battery storage system in Kajra district. As part of the agreement, Saatvik Solar will provide 545 Wp mono bifacial modules,…
Author: PPD Team Date: 04/02/2025 The Union Government has allocated a total outlay of Rs 218.47 billion to the Ministry of Power (MoP) under the Union Budget for 2025-26, announced on February 1, 2025. The key allocations include: Rs 160.21 billion for the Revamped Distribution Sector Scheme (RDSS). Rs 8.5 billion for Strengthening of Power Systems, which includes Rs 3.04 billion for the North Eastern Region Power System Improvement Project (NERPSIP) and Rs 2.95 billion…
Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…
Author: PPD Team Date: 13/12/2024 Japanese utility Kansai Electric Power has entered into a share purchase agreement with Iberdrola to acquire a 49% stake in the Windanker offshore wind farm project in Germany. Kansai’s subsidiary, Windanker Investco, will hold the stake, subject to approval from German authorities, while Iberdrola will retain the remaining 51%. This marks the beginning of Kansai’s collaboration with Iberdrola on international renewable energy projects. The Windanker project will be Kansai’s fifth…
Author: PPD Team Date: 02/07/2025 NHPC Limited is awaiting final clearance from the National Dam Safety Authority (NDSA) to begin commercial operations of the first three units—each of 250 MW—of the Subansiri Lower Hydroelectric Project. The update was confirmed by NHPC on June 30, 2025, as reported by Assam Tribune. The long-delayed, high-stakes project on the Subansiri River near North Lakhimpur—at the border of Assam and Arunachal Pradesh—has already consumed over Rs 90 billion and…
Author: PPD Team Date: 16/09/2024 Lignite-to-power producer NLC India Ltd (NLCIL) plans to invest approximately Rs 500 billion to increase its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, has been established to focus on renewable energy generation. The company aims to achieve a 50% renewable energy (RE) share in its total planned capacity. Currently, 2 GW of renewable energy projects are under…
Author: PPD Team Date: 10/10/2024 Saatvik Solar has secured a contract to supply 213 MW of solar photovoltaic (PV) modules to Larsen & Toubro (L&T) for its 245 MW battery energy storage system (BESS) project in Bihar. The project consists of 185 MW for a grid-connected solar power plant and 45.4 MW for a 4-hour battery storage system in Kajra district. As part of the agreement, Saatvik Solar will provide 545 Wp mono bifacial modules,…
Author: PPD Team Date: 04/02/2025 The Union Government has allocated a total outlay of Rs 218.47 billion to the Ministry of Power (MoP) under the Union Budget for 2025-26, announced on February 1, 2025. The key allocations include: Rs 160.21 billion for the Revamped Distribution Sector Scheme (RDSS). Rs 8.5 billion for Strengthening of Power Systems, which includes Rs 3.04 billion for the North Eastern Region Power System Improvement Project (NERPSIP) and Rs 2.95 billion…
Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…
Author: PPD Team Date: 13/12/2024 Japanese utility Kansai Electric Power has entered into a share purchase agreement with Iberdrola to acquire a 49% stake in the Windanker offshore wind farm project in Germany. Kansai’s subsidiary, Windanker Investco, will hold the stake, subject to approval from German authorities, while Iberdrola will retain the remaining 51%. This marks the beginning of Kansai’s collaboration with Iberdrola on international renewable energy projects. The Windanker project will be Kansai’s fifth…
Author: PPD Team Date: 02/07/2025 NHPC Limited is awaiting final clearance from the National Dam Safety Authority (NDSA) to begin commercial operations of the first three units—each of 250 MW—of the Subansiri Lower Hydroelectric Project. The update was confirmed by NHPC on June 30, 2025, as reported by Assam Tribune. The long-delayed, high-stakes project on the Subansiri River near North Lakhimpur—at the border of Assam and Arunachal Pradesh—has already consumed over Rs 90 billion and…