Centre inaugurates 975 MW solar project by ReNew in Jaisalmer
Author: PPD Team Date: April 22, 2025
Author: PPD Team Date: April 22, 2025
The Central government inaugurated the 975 MW/1,300 MWp Rajasthan Grid-Connected Solar PV Power Project (Tranche IV) in Jaisalmer, Rajasthan, on April 17, 2025.Â
The project has been developed by ReNew and is spread across multiple villages in Pokran and Bhaniyana tehsils.
The project was awarded under SECI’s Tranche IV auction held in March 2021. ReNew Power won 600 MW capacity, while ACME Solar Holdings Limited secured 375 MW. Both bids were at a tariff of Rs 2.18 per kWh. ReNew later acquired beneficial interest in the capacity initially awarded to ACME.
The project has been developed on 3,500 acres of land across villages including Rampuriya, Bhinajpura, Hastinapur, and Masuriya. It is based on the build, own and operate (BOO) model. Two ReNew subsidiaries executed the development—ReNew Hans Urja Private Limited for 600 MW and ReNew Solar Photovoltaic Private Limited for 375 MW.
The entire 975 MW capacity will supply power to SECI under a 25-year power purchase agreement. SECI will further sell the power to Rajasthan Urja Vikas Nigam Limited (RUVNL) under a power sale agreement.
Author: PPD Team Date: June 12, 2025 Indian Renewable Energy Development Agency Ltd. (IREDA) has raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share. This price includes a premium of Rs 155.14 over the face value of Rs 10. The issue price reflects a 5.00% discount on the floor price of Rs 173.83 per share. The QIP opened on…
Author: PPD Team Date: March 16, 2026 Bajel Projects Limited has secured a contract from Maharashtra State Electricity Transmission Company Limited (MSETCL) for the establishment of a 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad in Pune district, along with associated transmission lines. The order, valued at more than Rs 700 crore, including GST, is the largest single contract secured by the company in its power transmission business. The contract will be executed through…
Author: PPD Team Date: April 7, 2025 TotalEnergies has completed the acquisition of multiple renewable energy projects across Europe, Africa, and Canada. These include wind, solar, and hydropower assets in partnership with VSB Group, SN Power, and RES. In Europe, the acquisition of VSB Group adds 500 MW of capacity that is either installed or under construction, along with a development pipeline of over 15 GW in wind and solar. In Africa, TotalEnergies has acquired…
Author: PPD Team Date: December 20, 2024 Romanian state-owned nuclear power producer Nuclearelectrica has signed a €1.9 billion ($1.97 billion) engineering, procurement, and construction (EPC) contract to extend the life of Unit 1 at the Cernavoda nuclear power plant. The contract was awarded to a consortium consisting of Ansaldo Nucleare, Candu Energy, AtkinsRéalis, Canadian Commercial Corporation, and Korea Hydro & Nuclear Power (KHNP). Pending approval from the Canadian government and Nuclearelectrica shareholders, the project will…
Author: PPD Team Date: November 14, 2024 Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders. The Trust also reported EBITDA of Rs 6,125.07 million and a margin of…
Author: PPD Team Date: March 21, 2025 The Madhya Pradesh government has introduced the Madhya Pradesh Renewable Energy Policy 2025, setting a goal to meet 50 percent of its annual power consumption from renewable sources by 2030. The policy, which will be in effect for five years, applies to all renewable energy projects with a capacity of at least 500 kW, excluding decentralised systems. The state has laid out a phased approach, aiming for a…