Author: PPD Team Date: 28/10/2024
Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year.
The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.
Author: PPD Team Date: 14/11/2024 IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s…
Author: PPD Team Date: 21/11/2024 President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO of Liberty Energy, as the next energy secretary. Wright is recognised as a pioneer of the American shale revolution, having played a crucial role in advancing hydraulic fracturing technologies that reshaped the global energy landscape. Wright brings decades of experience to the role. He founded and currently serves as the CEO of Liberty Energy,…
Author: PPD Team Date: 22/10/2024 According to information provided to the Parliamentary Standing Committee on Science and Technology, India is currently installing at least 10 new nuclear reactors. The reactors, with a capacity of 700 MW each, are being developed in states including Gujarat, Rajasthan, and Haryana and are expected to become operational in the coming years. The committee was informed that two reactors—Kakrapar-3 and Kakrapar-4 in Gujarat—are fully synchronized with the grid and have…
Author: PPD Team Date: 25/10/2024 Syrma SGS Technology has opened one of its largest integrated electronics manufacturing facilities in Ranjangaon, near Pune, Maharashtra. Spanning 26.5 acres, the new campus will feature a manufacturing area of 1.20 million sq. ft. at its peak, enhancing the company’s PCB assembly capabilities to meet rising domestic demand, especially in the automotive and industrial sectors. The first phase, covering over 60,000 sq. ft., is expected to generate around 1,000 direct…
Author: PPD Team Date: 24/01/2025 Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited (WEL), has begun the commercial production of solar modules at its manufacturing facility in Brookshire, Texas, with a capacity of 1,600 MW. This facility marks a key step in localising solar module manufacturing in the United States, supporting job creation and reducing dependence on imported solar products. The Texas plant will produce high-quality photovoltaic modules to meet the growing demand…
Author: PPD Team Date: 20/12/2024 AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt’s Aswan Governorate. The plant will generate around 1,500 GWh of renewable energy annually, reducing carbon emissions by 782,300 tonnes. The project was completed in 18 months. Additionally, AMEA Power has signed a power purchase agreement (PPA) and land agreement for a 500 MW wind project in Egypt. The Abydos Solar PV Plant received financing from the International…
Author: PPD Team Date: 14/11/2024 IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s…
Author: PPD Team Date: 21/11/2024 President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO of Liberty Energy, as the next energy secretary. Wright is recognised as a pioneer of the American shale revolution, having played a crucial role in advancing hydraulic fracturing technologies that reshaped the global energy landscape. Wright brings decades of experience to the role. He founded and currently serves as the CEO of Liberty Energy,…
Author: PPD Team Date: 22/10/2024 According to information provided to the Parliamentary Standing Committee on Science and Technology, India is currently installing at least 10 new nuclear reactors. The reactors, with a capacity of 700 MW each, are being developed in states including Gujarat, Rajasthan, and Haryana and are expected to become operational in the coming years. The committee was informed that two reactors—Kakrapar-3 and Kakrapar-4 in Gujarat—are fully synchronized with the grid and have…
Author: PPD Team Date: 25/10/2024 Syrma SGS Technology has opened one of its largest integrated electronics manufacturing facilities in Ranjangaon, near Pune, Maharashtra. Spanning 26.5 acres, the new campus will feature a manufacturing area of 1.20 million sq. ft. at its peak, enhancing the company’s PCB assembly capabilities to meet rising domestic demand, especially in the automotive and industrial sectors. The first phase, covering over 60,000 sq. ft., is expected to generate around 1,000 direct…
Author: PPD Team Date: 24/01/2025 Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited (WEL), has begun the commercial production of solar modules at its manufacturing facility in Brookshire, Texas, with a capacity of 1,600 MW. This facility marks a key step in localising solar module manufacturing in the United States, supporting job creation and reducing dependence on imported solar products. The Texas plant will produce high-quality photovoltaic modules to meet the growing demand…
Author: PPD Team Date: 20/12/2024 AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt’s Aswan Governorate. The plant will generate around 1,500 GWh of renewable energy annually, reducing carbon emissions by 782,300 tonnes. The project was completed in 18 months. Additionally, AMEA Power has signed a power purchase agreement (PPA) and land agreement for a 500 MW wind project in Egypt. The Abydos Solar PV Plant received financing from the International…
Author: PPD Team Date: 14/11/2024 IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s…
Author: PPD Team Date: 21/11/2024 President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO of Liberty Energy, as the next energy secretary. Wright is recognised as a pioneer of the American shale revolution, having played a crucial role in advancing hydraulic fracturing technologies that reshaped the global energy landscape. Wright brings decades of experience to the role. He founded and currently serves as the CEO of Liberty Energy,…