Author: PPD Team Date: 17/12/2024
GE Power India Limited has received an extended purchase order from Madhya Pradesh Power Generating Company Limited (MPPGCL) to supply boiler parts at the Sanjay Gandhi Power Station.
The order is valued at Rs 182.7 million and is scheduled for execution within 3.5 months.
Author: PPD Team Date: 17/10/2024 Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia. This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at…
Author: PPD Team Date: 26/11/2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean,…
Author: PPD Team Date: 12/12/2024 Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following the announcement,…
Author: PPD Team Date: 14/11/2024 The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral…
Author: PPD Team Date: 18/12/2024 NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants. These solutions will also help mitigate urban waterlogging during monsoons by clearing canals and culverts and support dredging operations in inland waterways, coastal areas, ponds, and lakes. The companies have signed a memorandum of understanding (MoU) for strategic cooperation in this area. Upon successful implementation in pilot projects, the solutions are expected…
Author: PPD Team Date: 16/01/2025 Waaree Technologies has secured an order to supply 99 solar off-grid combos to a trading customer. The order, placed on January 15, 2025, requires delivery within three months. The solar off-grid combo includes batteries, solar panels, inverters, and other essential components. The off-grid combo is designed for efficient energy storage and utilization, supporting businesses in achieving energy independence.
Author: PPD Team Date: 17/10/2024 Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia. This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at…
Author: PPD Team Date: 26/11/2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean,…
Author: PPD Team Date: 12/12/2024 Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following the announcement,…
Author: PPD Team Date: 14/11/2024 The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral…
Author: PPD Team Date: 18/12/2024 NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants. These solutions will also help mitigate urban waterlogging during monsoons by clearing canals and culverts and support dredging operations in inland waterways, coastal areas, ponds, and lakes. The companies have signed a memorandum of understanding (MoU) for strategic cooperation in this area. Upon successful implementation in pilot projects, the solutions are expected…
Author: PPD Team Date: 16/01/2025 Waaree Technologies has secured an order to supply 99 solar off-grid combos to a trading customer. The order, placed on January 15, 2025, requires delivery within three months. The solar off-grid combo includes batteries, solar panels, inverters, and other essential components. The off-grid combo is designed for efficient energy storage and utilization, supporting businesses in achieving energy independence.
Author: PPD Team Date: 17/10/2024 Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia. This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at…
Author: PPD Team Date: 26/11/2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean,…