Author: PPD Team Date: 10/02/2025
ACME Solar Holdings Private Limited has signed an agreement with Grew Energy Private Limited to develop a solar power project in Bikaner, Rajasthan.
The project will utilize GREW Solar’s Topcon solar modules, manufactured at its 3 GW facility near Dudu, Jaipur. Both companies aim to expand their collaboration in the renewable energy sector.
Author: PPD Team Date: 16/12/2024 Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to…
Author: PPD Team Date: 08/11/2024 Norwegian renewable energy company Vårgrønn has secured a 27.4% stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. EnBW will retain its majority ownership at 50.1% and continue managing operations and maintenance, while Germany’s largest pension fund, Ärzteversorgung Westfalen-Lippe, will maintain a 22.5% indirect stake. Located 32 km off the coast of Rugen in the German Baltic Sea, Baltic 2 has been operational since September…
Author: PPD Team Date: 17/04/2025 The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen. The scheme will be implemented through the European Hydrogen Bank’s Auctions-as-a-Service tool. It will enable the construction of up to 345 MW of electrolyser capacity and the production of up to 221,000 tonnes of renewable hydrogen in Spain. The support will help the country move towards its national target of 12…
Author: PPD Team Date: 06/03/2025 India has launched trials for its first fleet of hydrogen-powered heavy-duty trucks. This initiative aligns with the National Green Hydrogen Mission (NGHM), which has been allocated Rs 197.44 billion to establish India as a leader in hydrogen production, storage, and application. Under this mission, the Indian government has already awarded 412,000 tonnes per annum of green hydrogen production and approved 3,000 MW of electrolyser manufacturing capacity annually. Additionally, seven pilot…
Author: PPD Team Date: 05/12/2024 Adani Energy Solutions (AESL) has been named the preferred bidder for a transmission project under the special purpose vehicle (SPV) “Rajasthan Part-I Power Transmission.” The project, valued at approximately Rs 250 billion, will be AESL’s largest order once officially awarded. The project, tendered through a re-bid process under tariff-based competitive bidding (TBCB), is part of the interstate transmission system (ISTS) named “Transmission system for evacuation of power from REZ in…
Author: PPD Team Date: 23/01/2025 Mongolia has entered into a partnership with the European Bank for Reconstruction and Development (EBRD) to enhance the country’s renewable energy sector. Announced at the World Economic Forum in Davos (January 2025), the EBRD will help Mongolia develop solar, wind, and energy storage projects through auctions. The EBRD will offer technical support, including feasibility studies and environmental assessments for small and medium-sized hydroelectric plants, helping build a strong foundation for…
Author: PPD Team Date: 16/12/2024 Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to…
Author: PPD Team Date: 08/11/2024 Norwegian renewable energy company Vårgrønn has secured a 27.4% stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. EnBW will retain its majority ownership at 50.1% and continue managing operations and maintenance, while Germany’s largest pension fund, Ärzteversorgung Westfalen-Lippe, will maintain a 22.5% indirect stake. Located 32 km off the coast of Rugen in the German Baltic Sea, Baltic 2 has been operational since September…
Author: PPD Team Date: 17/04/2025 The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen. The scheme will be implemented through the European Hydrogen Bank’s Auctions-as-a-Service tool. It will enable the construction of up to 345 MW of electrolyser capacity and the production of up to 221,000 tonnes of renewable hydrogen in Spain. The support will help the country move towards its national target of 12…
Author: PPD Team Date: 06/03/2025 India has launched trials for its first fleet of hydrogen-powered heavy-duty trucks. This initiative aligns with the National Green Hydrogen Mission (NGHM), which has been allocated Rs 197.44 billion to establish India as a leader in hydrogen production, storage, and application. Under this mission, the Indian government has already awarded 412,000 tonnes per annum of green hydrogen production and approved 3,000 MW of electrolyser manufacturing capacity annually. Additionally, seven pilot…
Author: PPD Team Date: 05/12/2024 Adani Energy Solutions (AESL) has been named the preferred bidder for a transmission project under the special purpose vehicle (SPV) “Rajasthan Part-I Power Transmission.” The project, valued at approximately Rs 250 billion, will be AESL’s largest order once officially awarded. The project, tendered through a re-bid process under tariff-based competitive bidding (TBCB), is part of the interstate transmission system (ISTS) named “Transmission system for evacuation of power from REZ in…
Author: PPD Team Date: 23/01/2025 Mongolia has entered into a partnership with the European Bank for Reconstruction and Development (EBRD) to enhance the country’s renewable energy sector. Announced at the World Economic Forum in Davos (January 2025), the EBRD will help Mongolia develop solar, wind, and energy storage projects through auctions. The EBRD will offer technical support, including feasibility studies and environmental assessments for small and medium-sized hydroelectric plants, helping build a strong foundation for…
Author: PPD Team Date: 16/12/2024 Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to…
Author: PPD Team Date: 08/11/2024 Norwegian renewable energy company Vårgrønn has secured a 27.4% stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. EnBW will retain its majority ownership at 50.1% and continue managing operations and maintenance, while Germany’s largest pension fund, Ärzteversorgung Westfalen-Lippe, will maintain a 22.5% indirect stake. Located 32 km off the coast of Rugen in the German Baltic Sea, Baltic 2 has been operational since September…