Author: PPD Team Date: December 19, 2024
Gensol Engineering Limited has won an EPC contract worth Rs 880 million from a steel products company to develop 22 MW solar photovoltaic (PV) power projects in Punjab.Â
The contract was awarded on December 18, 2024 and is scheduled for completion within six months.
Author: PPD Team Date: January 16, 2025 The UAE has launched the world’s first large-scale, round-the-clock gigascale energy storage project in Abu Dhabi, combining a 5.2GW solar power plant with a 19GWh battery energy storage system (BESS). The initiative enables the UAE to dispatch renewable energy 24/7, addressing intermittency challenges that have hindered renewable energy deployment globally. The project will deliver 1GW of baseload power daily from renewable sources and is a major step in…
Author: PPD Team Date: November 14, 2024 esVolta has obtained a $110 million tax equity investment from Greenprint Capital Management to fund its 300 MWh Hummingbird battery energy storage project in San Jose, California. Set for completion in 2025, the project will provide Pacific Gas & Electric with resource adequacy capacity under a long-term contract and deliver fast-response energy and ancillary services to the California Independent System Operator (CAISO) market. These services are essential for…
Author: PPD Team Date: March 13, 2025 Indonesia has launched a floating solar power plant on the Cirata Reservoir, 107 kilometers southeast of Jakarta. Covering 4% of the reservoir, its 13 solar arrays generate up to 192 MW, making it the world’s third-largest floating solar installation. The project is a collaboration between PLN Nusantara Power, a unit of Indonesia’s state-owned power company, Perusahaan Listrik Negara (PLN), and Masdar, a renewable energy firm based in the…
Author: PPD Team Date: January 17, 2025 Japan Bank for International Cooperation (JBIC) has signed an agreement with Power Finance Corporation Limited (PFC) to finance renewable energy projects in India. Under the agreement, JBIC and PFC will establish a credit line of Rs 66.73 billion (120 billion JPY), with JBIC contributing Rs 40.04 billion (72 billion JPY). This initiative is part of JBIC’s GREEN (Global action for Reconciling Economic growth and Environmental preservation) operations. The…
Author: PPD Team Date: December 1, 2025 The Ministry of New and Renewable Energy has released a draft proposal to raise the minimum efficiency requirements for solar PV modules listed under the Approved List of Models and Manufacturers. The plan introduces phased standards from January 1, 2027 and tighter benchmarks from January 1, 2028. The draft sets new thresholds for each application category. For utility and grid-scale plants under Category I, c-Si modules need to…
Author: PPD Team Date: June 11, 2025 The Ministry of Power has approved a Viability Gap Funding (VGF) scheme to support 30 GWh of Battery Energy Storage Systems (BESS) across India. Funded by the Power System Development Fund (PSDF), the scheme allocates Rs 5400 crore to help stabilise the grid and integrate renewable power. The VGF scheme will support BESS rollout in 15 states and through NTPC. Rajasthan, Gujarat, and Maharashtra will each get 4000…