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 22, 2025 Ingka Investments, the €50 billion family office of IKEA, has acquired 241 MW of solar and wind assets in Rajasthan from ib vogt, a Germany-based company. The deal, valued between Rs 1,200–1,400 crore, marks Ingka’s first investment in India’s renewable energy sector. The acquisition is part of Ingka’s global plan to invest €7.5 billion in renewable energy by 2030, with a focus on utility-scale wind and solar projects…
Author: PPD Team Date: June 9, 2025 Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group. Each equity share carries a face value of Rs 10. The company…
Author: PPD Team Date: January 14, 2025 Lupin Limited has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Private Limited. This follows the share subscription and shareholders agreement with Sunsure Solarpark and Sunsure Energy Private Limited, involving an equity investment of Rs 105.53 million, to be executed in two tranches.
Author: PPD Team Date: January 30, 2025 ACME Solar has reported strong financial growth for the third quarter of FY 2024-25, ending on December 31, 2024. The company’s profit after tax (PAT) surged by 152% year-on-year, reaching Rs 1.12 billion, with a PAT margin of 28%. Total revenue for the quarter stood at Rs 4.01 billion, reflecting a 9.9% year-on-year increase and a 35.8% quarter-on-quarter growth. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew…
Author: PPD Team Date: December 13, 2024 Hygreen Energy has delivered a 25 MW electrolyser system to Huadian Weifang Power Generation Co., Ltd. The system, capable of producing 3.6 tonnes of hydrogen daily with 99.999 percent purity, will support large-scale hydrogen projects in China’s Shandong region. The project, located at Huadian Weifang’s power plant, integrates storage and advanced distribution systems. Installation began in November 2024, with completion expected in the first quarter of 2025. Hygreen…
Author: PPD Team Date: June 16, 2025 Meta has signed a deal with XGS Energy to develop a 150 megawatt (MW) geothermal project in New Mexico. The project will support Meta’s growing energy needs, especially as it expands its data centre and AI infrastructure in the state. The geothermal energy will be delivered through the PNM (Public Service Company of New Mexico) electric grid. The project will roll out in two phases, both expected to…