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: February 12, 2025 Neoenergia, Iberdrola’s Brazilian subsidiary, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to EDF and STOA for 1,430 million Brazilian reals (approximately €240 million). Located in Paraná, the plant has an installed capacity of 350 MW and assured energy of 172 MWm. This transaction supports Iberdrola’s asset rotation strategy, focusing on optimizing its portfolio, creating value, maintaining capital discipline, and simplifying its structure. Neoenergia…
Author: PPD Team Date: December 18, 2024 Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion. KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.
Author: PPD Team Date: August 8, 2025 The Ministry of New and Renewable Energy (MNRE) has updated its guidelines for listing co-branded solar photovoltaic (PV) modules under the Approved Models and Manufacturers (ALMM) Order, 2019. The amendments introduce expanded eligibility, longer validity, and stricter transparency norms. Under the revised framework, co-branding is now allowed in two cases. In Case I, both the brand owner and the original equipment manufacturer (OEM) must be ALMM-listed, as per…
Author: PPD Team Date: October 18, 2024 BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce…
Author: PPD Team Date: November 12, 2025 ReNew Energy reported a 5.3% year-on-year drop in its consolidated net profit to Rs 467.5 crore for the September quarter (Q2 FY26), compared to Rs 493.9 crore in the same period last year. The company’s total income, however, rose to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenues across its operating segments. According to the company, net profit for Q2 FY26 stood at Rs 4,675…
Author: PPD Team Date: October 30, 2024 Polenergia and Equinor Wind Power have finalized charter agreements for crew transfer vessels (CTVs) to support the construction of the Baltyk 2 and Baltyk 3 offshore wind farms in the Polish Baltic Sea, each with a capacity of 720 MW. Project companies MFW Bałtyk II and MFW Bałtyk III, formed by the two firms, are overseeing these agreements. For each project, two CTVs have been contracted: one with…