Author: PPD Team Date: 26/12/2024
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Author: PPD Team Date: 21/02/2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, secured a contract from Khaba Renewable Energy Private Limited, a wholly-owned subsidiary of Engie, to supply solar modules for a 250 MW (362.5 MWp) ISTS-connected solar power project in Barmer, Rajasthan. The project, awarded under NHPC Limited, was announced on February 19, 2025. The supply of modules is expected to begin in the financial year (FY) 2026. In November 2023, Solairedirect…
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Author: PPD Team Date: 24/10/2024 Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement. The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period….
Contract and Deal Updates – January 27, 2025
Author: PPD Team Date: 27/01/2025 Jyoti Structures secures Rs 7,412.8 million PGCIL contract for HVDC line Jyoti Structures Limited won a contract worth Rs 7,412.8 million from Power Grid Corporation of India Limited (PGCIL) for Transmission Line package TL01 for 800 kV high voltage direct current (HVDC) Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) (with dedicated metallic return) – Part-1 for the Transmission System for Evacuation of Power from potential renewable energy…
Lupin to acquire 42.61% stake in Sunsure Solarpark
Author: PPD Team Date: 21/09/2024 Lupin Limited has signed a share subscription and shareholders agreement with Sunsure Solarpark Seventeen Private Limited and Sunsure Energy Private Limited to acquire up to 42.61% of Sunsure Solarpark’s shares through an investment of Rs 105.53 million, completed in two stages. This investment will allow Lupin to source renewable energy for its Tarapur manufacturing site, reducing power costs and advancing its decarbonization goals. The transaction is expected to be finalized…
Lhyfe and Masdar to develop green hydrogen projects in Europe
Author: PPD Team Date: 23/01/2025 Lhyfe and Masdar have signed a Memorandum of Understanding (MoU) to explore the co-development of large-scale green hydrogen production projects in Europe. This partnership will identify collaboration and investment opportunities across the green hydrogen value chain, combining the strengths of both companies to drive innovation and growth in the sector. In October 2024, Lhyfe also signed an MoU with KEYOU to advance hydrogen mobility in Germany and Europe. Lhyfe is…
Waaree wins solar module supply contract for 250 MW NHPC project
Author: PPD Team Date: 21/02/2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, secured a contract from Khaba Renewable Energy Private Limited, a wholly-owned subsidiary of Engie, to supply solar modules for a 250 MW (362.5 MWp) ISTS-connected solar power project in Barmer, Rajasthan. The project, awarded under NHPC Limited, was announced on February 19, 2025. The supply of modules is expected to begin in the financial year (FY) 2026. In November 2023, Solairedirect…