Author: PPD Team Date: December 20, 2024
GE Vernova T&D India Limited secured a contract worth over Rs 4,000 million from Sterlite Power Transmission Limited on December 19, 2024.
The contract covers the supply and supervision of high voltage (HV) equipment.
The project is expected to be completed by December 19, 2026, and is being implemented through the tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: September 16, 2024 Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility. Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as…
Author: PPD Team Date: December 3, 2024 Australian mining company Pilbara Minerals and its joint venture (JV) partner POSCO Holdings have announced the completion of Train 2 at their Lithium Hydroxide Monohydrate Chemical Facility in Gwangyang, South Korea. The facility is Korea’s first lithium hydroxide plant, with an annual production capacity of up to 43,000 tons of battery-grade lithium hydroxide—sufficient to power batteries for approximately one million electric vehicles. The JV, POSCO Pilbara Lithium Solution…
Author: PPD Team Date: January 3, 2025 Aypa Power, a Blackstone portfolio company, has obtained $190m in financing for its Bypass battery energy storage system (BESS) project in Fort Bend County, Texas. The 200MW/400MWh facility will address the region’s growing energy storage needs. The financing includes a $68m construction-to-term loan, a $91m tax equity bridge loan, and $31m in letters of credit, with $26m allocated for project-specific requirements. Morgan Stanley Renewables committed $94m in tax…
Author: PPD Team Date: July 22, 2025 India’s wind energy sector has called for a gradual localisation plan for turbine components, citing the risk of supply disruptions and cost escalations. The industry is responding to a recent directive from the Ministry of New and Renewable Energy (MNRE) that proposes accelerated localisation. Wind companies have urged the government to implement a structured approach that supports domestic manufacturing without overwhelming the existing supply chain. They argue that…
Author: PPD Team Date: December 2, 2024 According to a Reuters report, Adani Power stated that it has no indication the Bangladesh government plans to review its 25-year power purchase agreement (PPA) with the company. This follows earlier claims that Bangladesh is seeking to renegotiate terms to lower electricity prices or cancel the deal through legal means. The PPA, signed in 2017, involves Adani Power supplying electricity from a $2 billion coal-fired plant in eastern…
Author: PPD Team Date: October 18, 2024 The US Department of the Interior (DOI) has announced plans to boost geothermal energy development on public lands, supporting the Biden-Harris administration’s goal of a carbon pollution-free power sector by 2035. The Bureau of Land Management (BLM) has approved the Fervo Cape geothermal project in Beaver County, Utah, which is expected to generate up to 2 GW of baseload power using advanced technology. The BLM has authorized nearly…