Alpex Solar bags Rs 65 crore MSEDCL order for solar pumps
Author: PPD Team Date: December 30, 2025
Author: PPD Team Date: December 30, 2025
Alpex Solar Limited has announced an order worth Rs 65 crore (excluding GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying off-grid direct current (DC) solar photovoltaic (PV) water pumping systems.
The company said the project comes under the Government of India’s Magel Tyala Saur Krushi Pump Yojana, which forms Component B of the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Scheme. The programme aims to support clean energy use in agriculture and reduce reliance on conventional power.
Under the contract, Alpex Solar will supply solar water pumping systems across multiple districts in Maharashtra. Execution is scheduled within 60 days as specified in the Letter of Empanelment.
The company operates across the renewable energy value chain, including solar PV module manufacturing, engineering procurement and construction (EPC), solar water pumps, Renewable Energy Service Company (RESCO) projects and international trading. Last month, Alpex Solar approved the expansion of its upcoming solar cell manufacturing facility in Kosi Kotwan, Uttar Pradesh, from 1.6 GW to 2.2 GW, adopting G12R tunnel oxide passivated contact (TOPCon) technology.
The featured photograph is for representation only.
Author: PPD Team Date: November 13, 2024 At COP29 in Baku, Azerbaijan, leading multilateral development banks (MDBs) announced plans to collectively mobilize $120 billion annually in climate financing for low- and middle-income countries by 2030, with $42 billion dedicated to adaptation. The private sector is expected to contribute an additional $65 billion each year. High-income countries are set to receive $50 billion annually in climate finance, including $7 billion for adaptation. The MDBs exceeded their…
Author: PPD Team Date: October 16, 2024 The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide a €500 million counter-guarantee, enabling Intesa Sanpaolo to establish €1 billion in guarantees…
Author: PPD Team Date: December 23, 2025 Inox Green Energy Services Limited is set to acquire Vibrant Energy, the India-focused renewable energy platform owned by Macquarie Asset Management. The transaction is expected to value Vibrant Energy at an equity valuation of about Rs 17.9 billion. Sources said definitive agreements have been signed, with a formal announcement expected shortly. Vibrant Energy operates as a diversified renewable energy independent power producer in India. In a statement, Inox…
Author: PPD Team Date: November 21, 2024 Torrent Power has unveiled a capital expenditure plan of Rs 1.1 trillion over the next eight years, emphasizing renewable energy and energy storage initiatives. More than 63% of this investment is earmarked for the renewable energy sector, underscoring the company’s dedication to India’s clean energy transition. Vice President Jinal Mehta detailed these plans during a panel discussion at the State Bank of India’s banking conclave. He highlighted Torrent…
Author: PPD Team Date: January 23, 2025 Vestas has secured an order to supply turbines for the second phase of the Tyligulska wind energy project in Ukraine, the country’s largest renewable energy project. Following the successful commissioning of the first phase in spring 2023, Vestas will deliver 64 turbines, contributing 384MW to the project’s total capacity of 498MW across both phases. The turbines, V162-6.2MW models, will each generate 6MW of power. The project benefits from…
Author: PPD Team Date: June 2, 2025 SAEL Solar MHP1 Private Limited, a special purpose vehicle (SPV) of Sukhbir Agro Energy Limited (SAEL), has achieved financial closure for a 300 MW solar project in Kurnool, Andhra Pradesh. The project is part of the 600 MW Inter-State Transmission System (ISTS)-Connected Solar Power Project (Tranche-XI) awarded by the Solar Energy Corporation of India (SECI). The SPV has secured Rs 11.27 billion (USD 132 million) in long-term debt…