Author: PPD Team Date: 12/11/2024
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: 02/01/2025 Aether Industries has commissioned a 15 MW solar power project in Bharuch, Gujarat, in partnership with KPIG Energia, a subsidiary of KPI Green Energy. The project, under the captive power producer segment, features advanced auto-tracker modules that optimize energy output by aligning with the sun’s trajectory. This installation aligns with Aether Industries’ Environmental, Social, and Governance (ESG) goals and is expected to save over Rs 150 million annually in energy…
Author: PPD Team Date: 16/12/2024 Adani Renewable Energy Holding Nine Limited, a subsidiary of Adani Green Energy Limited (AGEL), has established three special purpose vehicles (SPVs) to implement its renewable energy projects. The SPVs—Adani Green Energy Sixty Five Limited (AGE65L), Adani Green Energy Sixty Six Limited (AGE66L), and Adani Green Energy Sixty Seven Limited (AGE67L)—were incorporated on December 12, 2024. The SPVs will focus on generating, developing, transmitting, distributing, and selling power derived from wind,…
Author: PPD Team Date: 04/02/2025 The Yunlin offshore wind farm, managed by Yunneng Wind Power, has begun commercial operations after installing all 80 wind turbine generators. The 640MW project, located in the Taiwan Strait between 8km and 17km offshore Yunlin County, is now supplying electricity to the Taiwanese grid. Yunneng Wind Power is a joint venture between Skyborn Renewables, TotalEnergies, the Electricity Generating Public Company (EGCO), and Sojitz Corporation. The wind farm spans 82km², with…
Author: PPD Team Date: 12/11/2024 Ahead of the Utkarsh Odisha conclave in January, Odisha’s single window clearance authority, led by Chief Secretary Manoj Ahuja, has approved 15 industrial projects worth Rs 33.53 billion. Spanning sectors like chemicals, renewable energy, steel, food processing, textiles, tourism, pharmaceuticals, and cement, these projects are expected to create over 4,637 jobs across six districts, including Khurda, Cuttack, Puri, Bargarh, Jharsuguda, and Koraput. This includes Rs 1.21 billion approval to Reliance…
Author: PPD Team Date: 21/11/2024 Toyota Tsusho Corporation, alongside Eurus Energy, Engie S.A., and Orascom Construction PLC, has announced an expansion of the Gulf of Suez Wind Farm II in Egypt, increasing its capacity from 504 MW to 654 MW. This development will make it the largest wind farm in Africa by installed capacity, aligning with Egypt’s goal to generate 42% of its energy from renewable sources by 2030. The Gulf of Suez Wind Farm…
Author: PPD Team Date: 16/01/2025 JSW Energy Limited has been declared the successful applicant for acquiring the 3,600 MW Akaltara (Nariyara) Thermal Power Project (KSK Mahanadi) and received the Letter of Intent (LoI) on January 13, 2025. Located in Nariyara, Akaltara, in the Janjgir-Champa district of Chhattisgarh, the project is partly operational, with 1,800 MW of power in use. Electricity from the plant is supplied to distribution utilities in Andhra Pradesh, Tamil Nadu, Chhattisgarh, Gujarat,…