Author: PPD Team Date: December 20, 2024
Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024.
The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.
Author: PPD Team Date: March 26, 2025 BluPine Energy has secured Rs 17.87 billion in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The funds will be used to optimize financial structuring and support the company’s renewable energy expansion. The financing is structured around a restricted group of 14 special purpose vehicles (SPVs) located in Punjab, Uttarakhand, and Karnataka. These projects supply power to a mix of central and state off-takers….
Author: PPD Team Date: December 11, 2024 The European Union plans to promote geothermal energy to replace Russian gas and lower energy costs, according to a draft document. At an upcoming meeting in Brussels, the 27 EU member states are expected to endorse geothermal energy collectively for the first time, reported Reuters. The draft proposes an EU-wide strategy to cut emissions from heating and cooling systems and expedite geothermal projects. This includes financial guarantees to…
Author: PPD Team Date: July 1, 2025 NTPC Limited has commissioned 142.22 MW of solar capacity under its 300 MW solar allocation at the 450 MW Inter-State Transmission System (ISTS)-connected Wind-Solar Hybrid Power Project in Khavda, Gujarat. The milestone was achieved on June 28, 2025. The project forms part of the 450 MW capacity awarded to NTPC in May 2022. NTPC’s share includes 300 MW solar and 150 MW wind power. In a parallel development,…
Author: PPD Team Date: February 6, 2025 TenneT has signed a realisation agreement with a consortium of SSE Renewables and pension investor APG, on behalf of pension fund ABP, for the offshore grid connection of the IJmuiden Ver Alpha wind farm, located 60km offshore the Netherlands. This marks the first wind farm to adopt the 2GW direct current (DC) standard, with operations expected to begin by the end of 2029. The agreement outlines the development…
Author: PPD Team Date: July 28, 2025 Power Finance Corporation Ltd (PFC) has transferred ownership of two wholly owned subsidiaries, Raghanesda RE Transmission Ltd and NER Expansion Transmission Ltd, to private entities through tariff-based competitive bidding, according to a regulatory filing dated July 24. NER Expansion Transmission Ltd, the project special purpose vehicle (SPV) for the North-Eastern Region Expansion Scheme – XXV Part-A (NERES-XXV Part-A), has been acquired by Resonia Ltd. The SPV was transferred…
Author: PPD Team Date: February 19, 2025 The Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). Signed on February 17, 2025, the agreement grants Reliance a 10 GWh ACC manufacturing capacity, making it eligible for incentives under the Rs 181 billion scheme. With this allocation, the total awarded capacity…