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.
The contract was awarded on December 18, 2024 and is scheduled for completion within six months.
Author: PPD Team Date: January 30, 2025 The Union Ministry of New and Renewable Energy (MNRE) has notified the Solar Systems, Devices, and Components Goods Order, 2025, revising and superseding the Solar Photovoltaics, Systems, Devices, and Components Goods (Requirements for Compulsory Registration) Order, 2017. The new order, published in the Gazette of India on January 27, 2025, under the Bureau of Indian Standards (BIS) Act, 2016, will come into effect 180 days from the publication…
Author: PPD Team Date: October 1, 2025 REC Limited and Power Finance Corporation Limited (PFC) have announced the formation of new wholly owned subsidiaries to serve as project vehicles for upcoming power transmission schemes in Karnataka, Rajasthan, and Maharashtra. REC has incorporated Kempegowda Power Transmission Limited and Barmer HVDC Power Transmission Limited as subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned arm of REC. Kempegowda Power Transmission Limited was formed to…
Author: PPD Team Date: December 23, 2024 Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans up to Rs…
Author: PPD Team Date: July 25, 2025 Exide Industries has approved an additional equity investment of Rs 1 billion in Exide Energy Solutions Limited (EESL). This brings its total investment in the wholly owned subsidiary to Rs 37.0223 billion. The new capital will fund the development of EESL’s greenfield lithium-ion cell manufacturing facility in Bengaluru. The first phase of the plant, with four production lines and a capacity of 6 gigawatt-hours (GWh), is scheduled to…
Author: PPD Team Date: December 19, 2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential…
Author: PPD Team Date: December 16, 2024 Envision Energy has secured a significant order to supply three battery energy storage systems (BESS) for South Africa’s Oasis 1 cluster of projects, with a total capacity of 257MW and 1,028 megawatt hours (MWh) of storage. This order, the largest of its kind in South Africa, positions Envision Energy as the first supplier to secure a gigawatt-scale energy storage order in the region. The Oasis projects, part of…