ACME Solar ends acquisition agreement for AK Renewable Infra
Author: PPD Team Date: September 15, 2025
Author: PPD Team Date: September 15, 2025
ACME Solar Holdings Limited has announced the termination of its planned acquisition of AK Renewable Infra Private Limited.
In a regulatory filing on September 14, 2025, the company stated that the share purchase agreement signed on September 5, 2025, with the target company and its existing shareholders has been cancelled. The decision was reached after mutual discussions between the parties.
The agreement was formally terminated on September 13, 2025, in line with the provisions of the contract.
Author: PPD Team Date: January 2, 2025 Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat. The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and integration into the National Grid. The agreement was signed by Sh. Ashwani K….
Author: PPD Team Date: November 5, 2025 The Maharashtra government has entered into an Rs 8,000 crore agreement with GSC PSP Maha Pvt Ltd of Haryana to develop the Panchmauli-Devalipada pumped storage hydroelectric project across Dhule and Nandurbar districts. The 1,500 MW project is expected to generate around 2,500 jobs and contribute over Rs 1,100 crore in annual revenue to the state. The MoU was signed in Mumbai in the presence of Chief Minister Devendra…
Author: PPD Team Date: December 5, 2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located…
Author: PPD Team Date: December 24, 2024 The Nepal Electricity Authority (NEA) has exported electricity valued at Rs 13.04 billion during the first five months of the fiscal year 2024/25. From July 16 to December 15, 2024, approximately 1.76 billion units of electricity were sold to India, primarily during the rainy season. The NEA has been exporting surplus electricity at competitive rates in the Indian Energy Exchange (IEX) and through bilateral agreements with Haryana and…
Author: PPD Team Date: January 19, 2026 CG Power and Industrial Solutions Limited has secured its largest-ever single order, valued at approximately Rs 900 crore ($99.2 million), from Tallgrass Integrated Logistics Solutions LLC, USA. The export contract covers the supply of power transformers for a large-scale data centre project in the United States, marking CG Power’s entry into the global data centre segment. In a press release dated 17 January 2026, the Mumbai-based engineering company…
Author: PPD Team Date: November 19, 2024 The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024. The regulations aim to establish a structured framework for trading carbon credit certificates (CCCs) on power exchanges, applicable to both obligated and non-obligated entities. Under the draft, the Grid Controller of India will serve as the registry for CCC exchanges, while the Bureau of…