Author: PPD Team Date: December 19, 2024
Adani Energy Solutions Limited (AESL) established Adani Energy Solutions Step-Eleven Limited (AESSEL), a special purpose vehicle (SPV), on December 17, 2024.
The SPV will focus on transmission, distribution, power supply, and other infrastructure services.
Author: PPD Team Date: December 24, 2024 Iberdrola has finalized a €100m ($103m) green loan agreement with the European Investment Bank (EIB), guaranteed by SACE under the Archimede scheme, to construct a new photovoltaic plant in Sicily, Italy. This marks the first collaboration between the EIB and Iberdrola backed by SACE. The plant, expected to be operational by 2025, will have a capacity of 242.78MWp, producing 400GWh annually—enough to meet the energy needs of approximately…
Author: PPD Team Date: December 3, 2025 REC Limited has promoted Shri Hemant Kumar to Executive Director with effect from 02 December 2025. The company announced the elevation in a filing to the stock exchanges. Shri Kumar previously served as Chief General Manager of Finance and Accounts. He holds a Master’s degree in Finance and a Bachelor’s degree in Science with Physics Honours. The new role places him one level below the Board. REC said…
Author: PPD Team Date: January 2, 2025 Growth in the output of India’s eight key infrastructure industries, collectively known as the core sector, rose to 4.3% year-on-year (Y-o-Y) in November, marking a four-month high from the revised figure of 3.7% in October. This recovery follows a contraction of -1.6% in August, the first in 42 months. In November 2023, growth was recorded at 7.9%. According to the data released by the Ministry of Commerce and…
Author: PPD Team Date: February 18, 2026 Gujarat-based Powertrac Group has invested Rs 600 crore to set up a 1,000 MWh per annum containerised Battery Energy Storage System (BESS) manufacturing facility in India. The company joins firms such as Hoymiles and Pace Digitek that have recently entered the containerised BESS segment. Divyarajsinh Zala, Managing Director (MD) of Powertrac Group, announced the development in a social media post. He stated that the company is shifting its…
Author: PPD Team Date: December 18, 2024 Japan’s industry ministry has released a draft of its new basic energy plan, targeting a power generation mix with 40–50% renewable energy and 20% nuclear energy by fiscal 2040, as reported by Jiji Press via The Japan News. The draft marks a major shift from policies following the 2011 Fukushima disaster, removing language on reducing nuclear reliance. Instead, it includes strategies to rejuvenate ageing reactors and develop next-generation…
Author: PPD Team Date: February 5, 2025 Welspun New Energy has signed a Memorandum of Understanding (MoU) with the Government of Odisha to invest Rs 135 billion in the state’s renewable energy sector. The investment includes plans for a 1,200 MW pumped hydro project and a 1,000 MW floating solar power project. These initiatives aim to boost Odisha’s energy storage capacity and support the integration of renewable energy into the grid, aligning with the state’s…