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: September 12, 2024 Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the end of September 2024 and will generate 121 GWh of electricity annually. The financing, provided by Bayerische Landesbank, supports Encavis’ growth strategy, with around 74% of the plant’s output secured through a ten-year power purchase agreement (PPA)…
Author: PPD Team Date: December 20, 2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved Himachal Pradesh State Electricity Board Limited (HPSEBL) to procure 550 MW of ISTS-connected solar power from the Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 2.56 per kWh, with an additional trading margin of Rs 0.07 per kWh payable to SECI. This power procurement is part of SECI’s 1,500 MW ISTS-connected solar power…
Author: PPD Team Date: April 28, 2025 The Ministerio de Energía (Ministry of Energy) of Chile published the final Planificación Energética de Largo Plazo (PELP) 2023–27 on April 22, 2025, in accordance with Articles 83–86 of the Ley General de Servicios Eléctricos (LGSE) or General Law of Electric Services. PELP is a public policy instrument released every five years to ensure sustainable, resilient, and fair development of Chile’s power sector. It projects energy supply and…
Author: PPD Team Date: May 14, 2025 Solex Energy Limited reported a total income of Rs 6.658 billion for FY 2024–25, up 81 per cent from Rs 3.680 billion in FY 2023–24. Profit after tax surged to Rs 427.9 million, a 390 per cent increase from Rs 87.3 million. Earnings per share (EPS) rose to Rs 43.82, reflecting a 301 per cent rise year-on-year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at Rs…
Author: PPD Team Date: March 17, 2025 The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued Letters of Award (LoAs) to 26 firms for developing a total of 980.3 MW grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. These projects, awarded under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, will be set up across various locations in Uttar Pradesh. List of winning firms and…
Author: PPD Team Date: January 16, 2025 Kosol Energie Private Limited has won a contract from NLC India Limited to supply 393.9 MWp bifacial solar modules for the 600 MW Khavda Solar PV Project-Phase XX (GUVNL) in Gujarat. The firm bid Rs 5.57 billion for the project. NLC invited bids for the project in August 2024. The scope includes manufacturing, supply, packing, forwarding, and transportation of 393.9 MWp Mono Crystalline/Topcon Silicon bifacial solar photovoltaic (PV)…