Adani Energy forms new subsidiary Step-Fifteen Limited
Author: PPD Team Date: August 28, 2025
Author: PPD Team Date: August 28, 2025
Adani Energy Solutions Limited established a wholly owned subsidiary, Adani Energy Solutions Step-Fifteen Limited, on August 27, 2025. The entity will focus on power transmission, distribution, and related infrastructure services.
The new company is registered with the Registrar of Companies, Gujarat, Ahmedabad. It has an authorised and paid-up share capital of Rs. 1 lakh. Business operations have not yet started.
This is the seventh subsidiary announced by Adani Energy this month.
Author: PPD Team Date: February 19, 2025 The Government of Karnataka (GoK) has signed a Memorandum of Understanding (MoU) with Paschim Renewables Private Limited (PRPL) to develop a 30 MW solar power project in Raichur district. The project, expected to be completed in 2025, will require an investment of around Rs 1.5 billion and is projected to generate approximately 45 million units of electricity annually. Paschim Group is working toward building a clean energy platform…
Author: PPD Team Date: January 31, 2025  Enfinity Global Inc. has announced the expansion of its battery energy storage systems (BESS) portfolio with two new projects in Texas, totalling 425 MW of power capacity and 850 MWh of storage. Construction is set to begin in the second and fourth quarters of 2025. These projects increase Enfinity’s U.S. BESS pipeline to 6.6 GW and align with its investment of over $7 billion, expected to create…
Author: PPD Team Date: August 13, 2025 Inox Green Energy Services Ltd. has signed an agreement with the renewable energy arm of a large Indian conglomerate for the comprehensive operations and maintenance (O&M) of 182 MW of wind projects in western India. The contract covers conversion of 82 MW from limited-scope to comprehensive O&M, and early renewal of comprehensive O&M for another 100 MW. It will remain in effect for the balance operational life of…
Author: PPD Team Date: November 5, 2024 Avantus has announced the sale of its Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Situated in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage, accompanied by a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS). Avantus spearheaded the initial development, handling interconnection, site acquisition, permitting, commercial negotiations with APS,…
Author: PPD Team Date: March 2, 2026 NHPC Limited (NHPC) lowered the 673 MT generator rotor of Unit 5 at its 2,000 MW Subansiri Lower Hydroelectric Project into the generator pit on March 1, 2026, at 11:00 hrs. The company stated that this is the heaviest equipment component ever handled at a hydroelectric power plant in India. The lowering operation was executed by GE Vernova and required coordinated planning and precision engineering across all stakeholders….
Author: PPD Team Date: January 15, 2025 Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have agreed to acquire a 19.9% stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. KKR and PSP Investments have established a 50/50 strategic partnership to complete the acquisition. The investment will support AEP in addressing increasing customer demand and improving grid reliability. AEP will retain majority…