Author: PPD Team Date: 11/12/2024
Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy.
The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem.
The projects are expected to be implemented over the next five years.
Author: PPD Team Date: 21/11/2024 Salt River Project (SRP) and Flatland Storage LLC, a subsidiary of EDP Renewables North America (EDPR NA), have announced a partnership to bring 200 MW of energy storage to Arizona’s grid. The Flatland Energy Storage Project, located near Coolidge, Arizona, will use Tesla-manufactured lithium-ion batteries and is expected to be operational by 2025. The 200 MW/800 megawatt-hour system will provide enough capacity to power up to 45,000 homes for four…
Author: PPD Team Date: 05/11/2024 SBEC Systems (India) has commissioned a 632 KWp solar power project at G S Pharmbutor’s Nutrition Division, located within the Modi Steel Compound in Modinagar, Uttar Pradesh. The project became operational on November 5, 2024. This initiative aligns with SBEC Systems’ focus on engineering and consultancy services across various industries, emphasizing their commitment to advancing renewable energy solutions.
Author: PPD Team Date: 13/11/2024 Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Author: PPD Team Date: 28/10/2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2…
Author: PPD Team Date: 29/11/2024 The £2.4 billion NeuConnect project has completed the first 56 km of cabling, creating the first direct energy link between the UK and Germany. This phase included both onshore and subsea cabling works in the UK. NeuConnect will link new converter stations in Kent, UK, and Wilhelmshaven, Germany, through a 725 km land and subsea cable system, forming an “invisible energy highway.” With a capacity of 1.4 GW, it…
Author: PPD Team Date: 12/11/2024 Power Grid Corporation of India Ltd (PGCIL) has issued a consultancy tender for the interconnection of Andaman & Nicobar Islands (ANI) with India’s mainland grid. The scope of work covers: Route Alignment, Detailed Survey and Soil Investigation works for the Interconnection of North, Middle & South Andaman Islands. In May 2023, a clean energy approach via an HVDC link was proposed to the Ministry of Power (MoP), which could supply…