Author: PPD Team Date: December 23, 2024
Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra.
The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.
Author: PPD Team Date: July 9, 2025 The Ministry of New and Renewable Energy (MNRE) has amended guidelines for central financial assistance (CFA) under the PM-Surya Ghar: Muft Bijli Yojana. The changes apply to residential rooftop solar installations. State and union territory governments can now provide an additional subsidy over the CFA given by the central government. Under the revised structure: Residential consumers will receive Rs 30,000 per kW for the first 2 kW and…
Author: PPD Team Date: January 24, 2025 CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero…
Author: PPD Team Date: October 15, 2024 Adani Energy Solutions Ltd (AESL) has added over 2,000 circuit kilometers (ckm) to its under-construction power transmission portfolio with three new project wins in Q2 FY25. These projects, totalling 2,059 ckm of transmission lines and 13,500 MVA of substation capacity, bring AESL’s total under-construction portfolio to 5,155 ckm of lines and 35,071 MVA. All three projects are part of interstate transmission system (ISTS) schemes awarded under the tariff-based…
Author: PPD Team Date: September 24, 2025 Asia remains the largest producer of thermal coal, with China, India, and Indonesia driving output. Domestic consumption in these countries is set to grow, while the seaborne coal market faces a decline, according to Reuters. Together, China, India, and Indonesia account for over 70% of global coal production. Their output has expanded in recent years to meet increasing energy needs. Outside these three, production in Australia, Russia, the…
Author: PPD Team Date: March 13, 2025 AmpereHour Energy has raised USD 5 million (Rs 436 million) in a Series A funding round led by climate-focused fund Avaana Capital, with participation from UC Impower and existing angel investors. The company plans to use the capital to expand its manufacturing and software capabilities, strengthen research and development, and enhance product development. Additionally, AmpereHour Energy is allocating funds for geographical expansion, with ongoing projects in Oman and…
Author: PPD Team Date: February 13, 2026 Gujarat Urja Vikas Nigam Limited (GUVNL) has awarded its 335 MW/670 MWh standalone battery energy storage system (BESS) tender to three bidders. Advait Energy Transitions Limited secured 150 MW at the L1 tariff of Rs 2.10 lakh per MW per month. Equentia Natural Resources Pte Ltd was awarded 65 MW at Rs 2.12 lakh per MW per month, while Sundrops Energia, a subsidiary of the KP Group, received…