ACWA Power grows renewable portfolio in Africa
Author: PPD Team Date: November 4, 2024
Author: PPD Team Date: November 4, 2024
ACWA Power’s Redstone Concentrating Solar Power (CSP) plant in South Africa has synchronized 50 MW to the national grid, with full capacity expected to reach 100 MW shortly.
Developed in collaboration with Herlogas and SEPCOIII, the Redstone CSP is set to deliver clean energy to approximately 200,000 households, significantly curbing carbon emissions.
Meanwhile, the Kom Ombo Photovoltaic (PV) plant in Egypt has achieved its full production capacity of 200 MW, supplying clean energy to over 200,000 households. These developments enhance ACWA Power’s African portfolio, with investments in the continent now totaling approximately $7 billion.
Earlier this year, ACWA Power entered into a supply agreement with JinkoSolar for nearly 3 GW of photovoltaic modules for the Saudi PIF4 project. The agreement, covering the Haden and Al-Khushaybi solar power stations within the PIF4 cluster, reinforces a collaborative framework for global photovoltaic initiatives.
Author: PPD Team Date: December 11, 2024 Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71…
Author: PPD Team Date: June 25, 2025 Blupine Energy Private Limited has achieved financial closure for its 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka. The company has secured debt funding worth Rs 24.16 billion from Standard Chartered Bank. Standard Chartered served multiple roles in the transaction. It was the mandated lead arranger, lender, sole green coordinator, and account bank. Blupine’s project will comprise 120 MW of solar, 211.2 MW of…
Author: PPD Team Date: August 13, 2025 Adani Energy Solutions Limited (AESL) has incorporated a wholly owned subsidiary named Adani Energy Solutions Step-Sixteen Limited. The new entity has an authorised and paid-up share capital of Rs 1 lakh each and is yet to commence operations. It will operate in the electric utilities sector as a transmission service provider, focusing on transmission, distribution, and supply of electricity, as well as related infrastructure services. AESL has acquired…
Author: PPD Team Date: December 4, 2024 Solar Industries India and its subsidiary have secured export orders worth Rs 20.39 billion for the supply of defence products to international clients. The deliveries will span four years. In November, the company received another export order valued at Rs 3.99 billion from an overseas customer, to be fulfilled within three years.
Author: PPD Team Date: February 10, 2026 The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic modules, adding new manufacturers and expanding approved manufacturing capacity by around 17 GW. Following the revision, total enlisted solar module manufacturing capacity in India stands at about 162 GW. The revised list includes eight additional solar module manufacturers, covering both new entrants and existing players that have…
Author: PPD Team Date: September 19, 2024 Transformers and Rectifiers (India) Ltd (TRIL) has secured an order worth Rs 1.14 billion from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) to supply 50 MVA, 132/33 kV power transformers. The delivery is expected by the next financial year. This follows a Rs 910 million order from SPIL last month. TRIL, known for high-voltage transformers, has achieved significant milestones, including the world’s first 420 kV ester fluid-filled shunt reactor….