Author: PPD Team Date: 21/01/2025
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited.
The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Author: PPD Team Date: 03/01/2025 CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing sustainability and supporting green energy adoption. CRI Pumps has already installed over 1,70,000 solar and…
Author: PPD Team Date: 02/12/2024 The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing its failure…
Author: PPD Team Date: 11/12/2024 The European Commission (EC) has approved a €2.6 billion ($2.7 billion) scheme to support Estonia’s offshore wind energy sector, advancing the country’s goal of achieving net-zero emissions. This initiative, aligned with the Estonian Maritime Spatial Plan, will fund the construction and operation of offshore wind farms through a competitive bidding process. The scheme, part of the State Aid Temporary Crisis and Transition Framework (TCTF), is open until December 2025 and…
Author: PPD Team Date: 07/01/2025 Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda. Suzuki will acquire a 26% equity stake, with NDDB retaining 74%. The equity transaction is valued at par, with an initial capital of Rs 3 billion. In the first phase, Suzuki will invest Rs 88.4 million, while NDDB will contribute Rs 251.6…
Author: PPD Team Date: 28/11/2024 The Central Electricity Authority (CEA) has officially recognized Surface Hydrokinetic Turbine (SHKT) technology under the hydropower category to promote innovation and alternative methods for achieving net-zero emissions. SHKT technology generates electricity by harnessing the kinetic energy of flowing water without the need for large structures such as dams or weirs. This distinguishes it from conventional hydropower systems, making it more suitable for areas with minimal grid access. With a generation…
Author: PPD Team Date: 26/12/2024 Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of Rs 3.05 per kWh. Adani Renewable Energy Holding Twelve Limited (Adani Green Energy Limited (AGEL))…
Author: PPD Team Date: 03/01/2025 CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing sustainability and supporting green energy adoption. CRI Pumps has already installed over 1,70,000 solar and…
Author: PPD Team Date: 02/12/2024 The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing its failure…
Author: PPD Team Date: 11/12/2024 The European Commission (EC) has approved a €2.6 billion ($2.7 billion) scheme to support Estonia’s offshore wind energy sector, advancing the country’s goal of achieving net-zero emissions. This initiative, aligned with the Estonian Maritime Spatial Plan, will fund the construction and operation of offshore wind farms through a competitive bidding process. The scheme, part of the State Aid Temporary Crisis and Transition Framework (TCTF), is open until December 2025 and…
Author: PPD Team Date: 07/01/2025 Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda. Suzuki will acquire a 26% equity stake, with NDDB retaining 74%. The equity transaction is valued at par, with an initial capital of Rs 3 billion. In the first phase, Suzuki will invest Rs 88.4 million, while NDDB will contribute Rs 251.6…
Author: PPD Team Date: 28/11/2024 The Central Electricity Authority (CEA) has officially recognized Surface Hydrokinetic Turbine (SHKT) technology under the hydropower category to promote innovation and alternative methods for achieving net-zero emissions. SHKT technology generates electricity by harnessing the kinetic energy of flowing water without the need for large structures such as dams or weirs. This distinguishes it from conventional hydropower systems, making it more suitable for areas with minimal grid access. With a generation…
Author: PPD Team Date: 26/12/2024 Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of Rs 3.05 per kWh. Adani Renewable Energy Holding Twelve Limited (Adani Green Energy Limited (AGEL))…
Author: PPD Team Date: 03/01/2025 CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing sustainability and supporting green energy adoption. CRI Pumps has already installed over 1,70,000 solar and…
Author: PPD Team Date: 02/12/2024 The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing its failure…