Author: PPD Team Date: October 25, 2024
Adani Energy Solutions Limited (AESL) has reported a net profit of Rs 7.73 billion for the quarter ending September 2024, marking a 172.18% increase compared to Rs 2.84 billion in the same quarter last year.
The company’s total income also rose by 68.88%, reaching Rs 63.6 billion, up from Rs 37.66 billion during the corresponding period of the previous year.
Author: PPD Team Date: November 5, 2024 NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy. A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire…
Author: PPD Team Date: December 12, 2024 India’s total non-fossil fuel installed capacity reached 213.70 GW as of November 2024, a 14.2% increase from the previous year. Including pipeline projects, the total non-fossil fuel capacity surged to 472.90 GW, up 28.5% year-on-year. From April to November 2024, 14.94 GW of new renewable energy capacity was added, nearly doubling the 7.54 GW added during the same period in FY 2023-24. November 2024 alone saw 2.3 GW…
Author: PPD Team Date: November 4, 2024 The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre. This transmission hub will play a…
Author: PPD Team Date: December 9, 2025 Diamond Power Infrastructure Limited has received a letter of intent from Adani Green Energy Limited to supply 33 kV, 2,126 km high voltage cables and 3.3 kV, 3,539 km solar medium voltage cables. The order is valued at Rs 7.47 billion and will support AGEL’s renewable energy project in Khavda in Gujarat and in Rajasthan. The company will supply the cables between January 2026 and December 2026. The…
Author: PPD Team Date: January 3, 2025 Constellation has secured contracts worth more than $1bn from the US General Services Administration (GSA) to supply nuclear and other energy sources to multiple government agencies and implement energy-saving initiatives. The ten-year contract, valued at $840m, will supply one million megawatt-hours of energy annually from 2025 to 13 government agencies, including the Architect of the Capitol, GSA, and the Department of Veterans’ Affairs. Energy will be provided to…
Author: PPD Team Date: November 8, 2024 Greenzo Energy, a comprehensive green hydrogen and renewable energy solutions provider, has won an engineering, procurement, and construction (EPC) contract for a 120 MW ground-mounted solar project in Nepal. Valued at Rs 5 billion, this contract boosts Greenzo’s order book to Rs 19 billion. Scheduled for phased completion by 2025, the project will consist of 12 clusters, each with a 10 MW solar installation. The project includes an…