Author: PPD Team Date: 24/10/2024
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: PPD Team Date: 14/11/2024 Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s…
Author: PPD Team Date: 26/11/2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering. The allegations claim the company falsely promoted compliance with anti-bribery…
Author: PPD Team Date: 21/11/2024 The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050….
Author: PPD Team Date: 21/11/2024 Salt River Project (SRP) and Flatland Storage LLC, a subsidiary of EDP Renewables North America (EDPR NA), have announced a partnership to bring 200 MW of energy storage to Arizona’s grid. The Flatland Energy Storage Project, located near Coolidge, Arizona, will use Tesla-manufactured lithium-ion batteries and is expected to be operational by 2025. The 200 MW/800 megawatt-hour system will provide enough capacity to power up to 45,000 homes for four…
Author: PPD Team Date: 03/12/2024 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 (PPLS), established…
Author: PPD Team Date: 06/02/2025 Mitsubishi Corporation is reassessing its business plans for offshore wind power generation projects in Japan due to changes in the macroeconomic environment caused by the COVID-19 pandemic and the Ukraine crisis. These challenges include inflation, a weaker yen, strained supply chains, and rising interest rates. Through a consortium led by its subsidiary Mitsubishi Corporation Offshore Wind, the company has been developing three offshore wind projects in Japan since being selected…
Author: PPD Team Date: 14/11/2024 Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s…
Author: PPD Team Date: 26/11/2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering. The allegations claim the company falsely promoted compliance with anti-bribery…
Author: PPD Team Date: 21/11/2024 The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050….
Author: PPD Team Date: 21/11/2024 Salt River Project (SRP) and Flatland Storage LLC, a subsidiary of EDP Renewables North America (EDPR NA), have announced a partnership to bring 200 MW of energy storage to Arizona’s grid. The Flatland Energy Storage Project, located near Coolidge, Arizona, will use Tesla-manufactured lithium-ion batteries and is expected to be operational by 2025. The 200 MW/800 megawatt-hour system will provide enough capacity to power up to 45,000 homes for four…
Author: PPD Team Date: 03/12/2024 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 (PPLS), established…
Author: PPD Team Date: 06/02/2025 Mitsubishi Corporation is reassessing its business plans for offshore wind power generation projects in Japan due to changes in the macroeconomic environment caused by the COVID-19 pandemic and the Ukraine crisis. These challenges include inflation, a weaker yen, strained supply chains, and rising interest rates. Through a consortium led by its subsidiary Mitsubishi Corporation Offshore Wind, the company has been developing three offshore wind projects in Japan since being selected…
Author: PPD Team Date: 14/11/2024 Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s…
Author: PPD Team Date: 26/11/2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering. The allegations claim the company falsely promoted compliance with anti-bribery…