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: 21/01/2025 Adani Energy Solutions Ltd (AESL) officially acquired Rajasthan Part I Power Transmission Ltd from REC Power Development & Consultancy Ltd (RECPDCL) on January 20, 2025. AESL emerged as the winning bidder with an annual transmission charge of Rs 35,570 million, outbidding three other contenders: Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and IndiGrid. The project, estimated to cost Rs 227 billion, involves setting up two 6,000 MW HVDC…
Author: PPD Team Date: 21/11/2024 SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state. As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan. The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera,…
Author: PPD Team Date: 22/11/2024 NTPC Green Energy Limited (NGEL) and the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) have formed a joint venture to invest Rs 1,870 billion in renewable energy projects across Andhra Pradesh. The partnership targets the development of 25 GW of solar, wind, and hybrid energy projects, 10 GW of pumped hydro storage, and the production of 0.5 MTPA of green hydrogen, ammonia, and methanol. The initiative is…
Author: PPD Team Date: 10/03/2025 The Australian government has introduced a National Renewable Energy Priority List to expedite approvals for key renewable energy generation, storage, and transmission projects. The initiative, led by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), aims to streamline regulatory processes while ensuring environmental compliance under the Environment Protection and Biodiversity Conservation (EPBC) Act. The first Priority List includes 32 renewable energy projects exceeding 30 MW, featuring solar,…
Author: PPD Team Date: 16/01/2025 Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this…
Author: PPD Team Date: 08/11/2024 The Irish government’s Department of the Environment, Climate and Communications has released crucial geophysical data for the country’s second offshore wind auction, ORESS Tonn Nua, aimed at securing 900 MW of clean energy from a site off County Waterford. The bidding is scheduled for early 2025, following the finalization of auction terms on October 30, 2024. This auction will be Ireland’s first conducted under the South Coast Designated Maritime Area…