Author: PPD Team Date: December 11, 2024
Avaada Group has pledged an investment of Rs 1 trillion to transform Rajasthan into the world’s largest renewable energy hub.
This initiative aims to drive green manufacturing, create millions of jobs, and contribute to the state’s economic empowerment.
Author: PPD Team Date: December 26, 2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy…
Author: PPD Team Date: February 16, 2026 NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO) to jointly develop thermal and renewable energy projects. The agreement is intended to meet NALCO’s long-term power requirements through cost-effective and sustainable energy solutions. The MoU was formalised on February 14, 2026, in Mahabalipuram in the presence of senior officials from both Central Public Sector Enterprises (CPSEs). NLCIL was represented by…
Author: PPD Team Date: January 21, 2025 Vena Energy and LINE Yahoo Corporation (LYC) have signed a virtual power purchase agreement (VPPA) for the 72 MW Maniwa Solar Project, which will be built on a repurposed golf course in Maniwa City, Okayama Prefecture. The project is expected to be operational by 2026. The clean energy generated will be traded on the Japan Electric Power Exchange (JEPX) via Digital Grid Corporation, enabling LYC to power part…
Author: PPD Team Date: November 4, 2025 REC Limited has approved Rs 7,500 crore in financing for a 1.04 GW hybrid renewable energy project being developed by Brookfield Asset Management in Kurnool, Andhra Pradesh. This marks the largest single funding sanction by REC for a private sector project. The project, undertaken through Evren, a clean energy platform formed by Brookfield and Axis Energy, will have 640 MW of wind and 400 MW of solar capacity,…
Author: PPD Team Date: December 31, 2025 India has accelerated its clean energy expansion, achieving 50 per cent of its installed electricity capacity from non-fossil fuel sources five years before its 2030 target. As of November 2025, renewable energy (RE) capacity stands at 253.96 gigawatts (GW), with a record 44.51 GW added in 2025, according to the MNRE. India’s cumulative non-fossil fuel-based power capacity reached 262.74 GW in November 2025. This includes renewables, large hydro,…
Author: PPD Team Date: March 13, 2026 Power Grid Corporation of India Limited (POWERGRID) and Montecarlo Limited acquired two transmission Special Purpose Vehicles (SPVs) in Maharashtra on March 12, 2026. The transfers were completed by PFC Consulting Limited (PFCCL) under the Tariff-Based Competitive Bidding (TBCB) process. POWERGRID acquired NES Pune East New Transmission Limited (NPENTL), the SPV established to address transmission constraints in Pune Region-I. The project includes a new 765/400 kV Air Insulated Switchgear…