Author: PPD Team Date: 04/12/2024
Equinix has entered its second power purchase agreement with Sembcorp Power to source renewable energy.
The project, with a maximum capacity of 58.5 MWp, will be developed on JTC properties on Jurong Island.
This includes 60 hectares of vacant land and rooftops of five JTC buildings, such as the Jurong Rock Caverns above-ground facilities and the Jurong Island Checkpoint.
The project is expected to begin operations in 2029.
Author: PPD Team Date: 08/11/2024 Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company. The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of Power, Government of India.
Author: PPD Team Date: 13/11/2024 Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with…
Author: PPD Team Date: 11/12/2024 Arevon Energy has announced the commencement of operations at its 384 MWdc Eland 1 Solar plus Storage Project in Kern County, California. The project includes a 150 MW/600 MWh energy storage system. The second phase, Eland 2, is currently under construction and is expected to be operational by the first quarter of 2025. Upon completion, Eland 1 and Eland 2 will have a combined capacity of 758 MWdc of solar…
Author: PPD Team Date: 14/01/2025 Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector. The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission. The collaboration aims to leverage the expertise of both entities to drive innovations in the clean energy ecosystem. …
Author: PPD Team Date: 02/12/2024 The Ministry of Power (MoP) has released a draft amendment to the Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024. The draft outlines the framework for establishing EV charging infrastructure, including networks of charging stations equipped to meet diverse EV charging needs. The proposed guidelines define EV charging infrastructure as comprising various components such as connections to discom supply systems, power management systems for energy optimization, tools for…
Author: PPD Team Date: 30/10/2024 Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export orders primarily came from North and South America. Year-to-date order inflows from April 1 to…