Author: PPD Team Date: 19/12/2024
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: 16/09/2024 Power Grid Corporation of India Ltd (PGCIL) recently commissioned an interstate transmission system (ISTS) under “Powergrid Bhadla Transmission Ltd.” The project, officially named the “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part B,” was completed in August 2024, nearly two years behind schedule. This Rs 11.06 billion scheme, awarded to PGCIL under the Tariff-Based Competitive Bidding (TBCB) route, involved…
Author: PPD Team Date: 20/11/2024 French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled…
Author: PPD Team Date: 29/11/2024 Dineshchandra R Agrawal Infracon Private Limited (DRAPL) has been awarded the contract to act as the Transmission Service Provider (TSP) for the Transmission System for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 4: 3.5 GW): Part B. The project will be developed under the Tariff-Based Competitive Bidding (TBCB) process on a Build, Own, Operate, and Transfer (BOOT) basis. REC Power Distribution Company Limited (REC PDCL)…
Author: PPD Team Date: 15/10/2024 Huasun Energy has partnered with Malaysian solar power developer ITRAMAS to develop 1.5GW of photovoltaic projects. Announced at the International Greentech & Eco Products Exhibition and Conference Malaysia 2024, the collaboration will advance Malaysia’s clean energy future, beginning in 2025. Under the agreement, Huasun will supply ITRAMAS with high-efficiency heterojunction technology (HJT) modules exceeding 700W for large-scale solar projects. This partnership aligns with Malaysia’s National Energy Transition Roadmap (NETR), which…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…
Author: PPD Team Date: 28/04/2025 Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio includes a…
Author: PPD Team Date: 16/09/2024 Power Grid Corporation of India Ltd (PGCIL) recently commissioned an interstate transmission system (ISTS) under “Powergrid Bhadla Transmission Ltd.” The project, officially named the “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part B,” was completed in August 2024, nearly two years behind schedule. This Rs 11.06 billion scheme, awarded to PGCIL under the Tariff-Based Competitive Bidding (TBCB) route, involved…
Author: PPD Team Date: 20/11/2024 French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled…
Author: PPD Team Date: 29/11/2024 Dineshchandra R Agrawal Infracon Private Limited (DRAPL) has been awarded the contract to act as the Transmission Service Provider (TSP) for the Transmission System for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 4: 3.5 GW): Part B. The project will be developed under the Tariff-Based Competitive Bidding (TBCB) process on a Build, Own, Operate, and Transfer (BOOT) basis. REC Power Distribution Company Limited (REC PDCL)…
Author: PPD Team Date: 15/10/2024 Huasun Energy has partnered with Malaysian solar power developer ITRAMAS to develop 1.5GW of photovoltaic projects. Announced at the International Greentech & Eco Products Exhibition and Conference Malaysia 2024, the collaboration will advance Malaysia’s clean energy future, beginning in 2025. Under the agreement, Huasun will supply ITRAMAS with high-efficiency heterojunction technology (HJT) modules exceeding 700W for large-scale solar projects. This partnership aligns with Malaysia’s National Energy Transition Roadmap (NETR), which…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…
Author: PPD Team Date: 28/04/2025 Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio includes a…
Author: PPD Team Date: 16/09/2024 Power Grid Corporation of India Ltd (PGCIL) recently commissioned an interstate transmission system (ISTS) under “Powergrid Bhadla Transmission Ltd.” The project, officially named the “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part B,” was completed in August 2024, nearly two years behind schedule. This Rs 11.06 billion scheme, awarded to PGCIL under the Tariff-Based Competitive Bidding (TBCB) route, involved…
Author: PPD Team Date: 20/11/2024 French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled…