Author: PPD Team Date: December 27, 2024
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Author: PPD Team Date: November 6, 2025 Fourth Partner Energy has raised Rs 7.80 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF-IFL) for a major part of its rooftop solar portfolio. The transaction consolidates multiple project sites, off-takers, and regulatory frameworks under a single lender arrangement. The refinancing aims to streamline the company’s capital structure and strengthen its rooftop solar business. Fourth Partner Energy has already commissioned over 1.2 GW of open access projects…
Author: PPD Team Date: January 14, 2025 Solar inverter manufacturer Deye has launched the AE-F(S)2.0-2H2 Micro Hybrid energy storage system (ESS), an all-in-one unit combining an energy storage micro-inverter, battery modules, and a battery management system (BMS). Designed for home and outdoor applications, the system offers 24/7 intelligent monitoring and power management through Lora smart communication and an intuitive app interface. The system includes a 2 kWh lithium iron phosphate (LFP) battery, expandable to 10…
Author: PPD Team Date: April 25, 2025 CleanMax Enviro Energy Solutions Private Limited has commissioned a wind-solar hybrid power project in Jagalur, Karnataka to supply electricity to the India campus of Cisco Systems, Inc. The project combines 69 MWp of solar and 23.1 MW of wind capacity, making up a 92.1 MW hybrid system. It is part of a larger 151 MW open-access, grid-connected renewable energy project. The project generates 57 million units of electricity…
Author: PPD Team Date: November 11, 2025 GK Energy Limited has signed an agreement with a domestic manufacturer for the supply of 875 MW of domestic content requirement (DCR) compliant solar photovoltaic cells. The procurement includes 450 MW of Mono PERC and 425 MW of TOPCon cells. The name of the manufacturer has not been disclosed. The solar cells will be supplied by March 31, 2027, and will be used in GK Energy’s ongoing and…
Author: PPD Team Date: March 3, 2026 GAIL (India) Limited has approved the development of a 178.2 MW greenfield wind power project in Maharashtra, with an estimated investment of Rs 1,736.25 crore. The decision was taken at a board meeting held on February 27, 2026. The proposed capacity will add to GAIL’s existing wind portfolio of 117.95 MW, which is currently operating at full capacity. The project is scheduled for completion within 24 months from…
Author: PPD Team Date: November 22, 2024 On November 16, 2024, ACWA Power signed a binding Implementation Agreement (IA) with Uzbekistan’s Ministry of Energy to develop up to 2 GWh of standalone Battery Energy Storage Systems (BESS) across the country. The agreement was formalized during COP29 in Baku, Azerbaijan, in the presence of Uzbek President Shavkat Mirziyoyev, Azerbaijani President Ilham Aliyev, and Saudi Energy Minister Prince Abdulaziz bin Salman. The IA builds on a Memorandum…