ACME commissions 90 MW solar projects in Rajasthan
Author: PPD Team Date: January 13, 2025
Author: PPD Team Date: January 13, 2025
ACME Dhaulpur Powertech Private Limited and ACME Raisar Solar Energy Private Limited, subsidiaries of ACME Solar Holdings Private Limited, commissioned a cumulative 90 MW solar power capacity at Sanwara village in Pokhran tehsil, Jaisalmer, Rajasthan, on January 7, 2025.
Author: PPD Team Date: July 7, 2025 The Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs 117.40 billion in loans during the first quarter of FY26, marking a 29 per cent increase from Rs 91.36 billion in the same period last year. Loan disbursements also rose by 31 per cent year-on-year to Rs 69.81 billion. IREDA’s outstanding loan book stood at Rs 799.60 billion at the end of the quarter, 27 per cent higher…
Author: PPD Team Date: April 3, 2025 Resonia Limited, formerly Sterlite Grid 32 Limited, has won the bid for the “Transmission System for Integration of Ananthapur-II Renewable Energy Zone (REZ) Phase-I” project. The contract was awarded through a tariff-based competitive bidding process in 2025. The company will develop the project under a special purpose vehicle (SPV) on a build, own, operate, and transfer (BOOT) basis for 35 years. Meanwhile, PFC Consulting Limited (PFCCL) has incorporated…
Author: PPD Team Date: February 7, 2025 TP Solar Limited, the solar manufacturing arm of Tata Power and a subsidiary of Tata Power Renewable Energy Limited (TPREL), has inaugurated a 4.3 GW solar cell and module manufacturing facility in Tirunelveli, Tamil Nadu. This facility is India’s largest single-location solar manufacturing plant and incorporates advanced TOPCon and Mono PERC technology. The plant will produce high-efficiency solar cells and modules to meet the growing demand for renewable…
Author: PPD Team Date: December 24, 2024 ReNew Energy Global has entered into an agreement to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL) to Anzen India Energy Yield Plus Trust for $176 million. RSWPL operates a 300 MW solar asset in Jaisalmer, Rajasthan. The deal will close after fulfilling contractual obligations, conditions precedent, and lender approvals. The enterprise value may adjust based on net current assets and other provisions in the…
Author: PPD Team Date: November 26, 2024 Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings. The company secured the contract with a winning bid of $0.0354 per kilowatt hour (kWh). The auction, opened in April 2024 by Azerbaijan’s Ministry of Energy, was supported by the European Bank for Reconstruction and Development (EBRD). The announcement coincided with the COP29 climate…
Author: PPD Team Date: December 5, 2024 The Biden administration has surpassed $100 billion in clean energy grants through the Inflation Reduction Act (IRA), as confirmed by John Podesta, the president’s senior advisor for international climate policy. Podesta emphasized the swift disbursement of funds, stating, “Crossing the milestone of $100bn awarded shows just how quickly we’re getting these funds out the door and into communities so they can make a real difference for the American…