Author: PPD Team Date: November 12, 2024
Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.
PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: November 21, 2024 The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will…
Author: PPD Team Date: January 14, 2025 Europe added 15 GW of new wind energy capacity in 2024, including 13 GW from onshore and 2.3 GW from offshore projects, according to WindEurope. This falls significantly short of the 30 GW annual additions needed to meet the EU’s 2030 climate and energy goals. Wind power currently provides 20% of Europe’s electricity. The EU aims to increase this share to 34% by 2030 and over 50% by…
Author: PPD Team Date: June 5, 2025 The Government of Andhra Pradesh has proposed to set up the Andhra Pradesh Green Energy Corridor (GEC) Project at an estimated cost of Rs 284.36 billion. The corridor will facilitate the evacuation of 11,000 MW from renewable energy projects and 7,000 MW from pumped storage projects. This infrastructure is key to meeting the state’s target of generating 72 GW of green energy by 2029. Funding will follow a…
Author: PPD Team Date: March 10, 2025 Schneider Electric India Private Limited and Bisleri International Private Limited have signed an agreement to develop 13.6 MW of solar power projects across four states in India. Under the agreement, Schneider Electric will install solar power systems at Bisleri’s production facilities in Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh. This initiative aligns with ‘Bisleri’s Greener Promise’ and aims to enhance the company’s sustainability efforts. The solar installations will…
Author: PPD Team Date: March 3, 2025 The New and Renewable Energy Department, Government of Assam (GoA), has signed a Memorandum of Understanding (MoU) with Oriana Power Limited to develop solar and Battery Energy Storage System (BESS) projects in the Kamrup district. The agreement was formalized at the Investment and Infrastructure Summit 2025 on February 28, 2025. The project is estimated to cost Rs 5 billion. The summit also saw major investment announcements, including Rs…
Author: PPD Team Date: February 10, 2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, has won a contract from Mahindra Susten to supply solar modules for the 200 MW/280 MWp Rajasthan Solar Power Project (RUVNL). Under the contract, Waaree will supply its ELITE series, n-type TopCon 580Wp solar modules for the project. Mahindra Susten secured the 200 MW capacity in May 2023 by quoting a tariff of Rs 2.61 per kWh under Rajasthan…