Author: PPD Team Date: 29/10/2024
Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year.
The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
Author: PPD Team Date: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 04/11/2024 Nova Clean Energy has executed interconnection agreements and high-voltage equipment supply contracts for a portfolio of wind power projects in Texas, aiming to deliver up to 1 gigawatt of clean energy to the state’s power grid. The portfolio includes multi-phase wind projects in the Delaware Basin and central Gulf Coast, with co-located battery storage to enhance grid reliability. Construction is set to begin in late 2025, with power delivery expected…
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 11/11/2024 India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300…
Author: PPD Team Date: 19/09/2024 Several solar and wind projects in South Africa will receive €400 million through a joint initiative between the European Investment Bank (EIB) and South Africa’s FirstRand Bank. The investment, with each party contributing €200 million, aims to enhance private sector energy generation, boost energy security, and mitigate power cuts. The funding aligns with Europe’s Global Gateway strategy, which targets €100 billion in sustainable infrastructure investments by 2027. This initiative supports…
Author: PPD Team Date: 14/05/2025 Maharashtra State Electricity Transmission Company Limited (MSETCL) has invited bids for three major projects with a combined estimated cost of over Rs 10.7 billion. The tenders cover STATCOM installations and a large-scale conductor replacement effort across key 400 kV substations and lines. On May 8, 2025, MSETCL issued a tender for the supply, installation, and commissioning of a ±200 MVAR STATCOM system. This includes a 400 kV outdoor GIS (Gas…
Author: PPD Team Date: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 04/11/2024 Nova Clean Energy has executed interconnection agreements and high-voltage equipment supply contracts for a portfolio of wind power projects in Texas, aiming to deliver up to 1 gigawatt of clean energy to the state’s power grid. The portfolio includes multi-phase wind projects in the Delaware Basin and central Gulf Coast, with co-located battery storage to enhance grid reliability. Construction is set to begin in late 2025, with power delivery expected…
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 11/11/2024 India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300…
Author: PPD Team Date: 19/09/2024 Several solar and wind projects in South Africa will receive €400 million through a joint initiative between the European Investment Bank (EIB) and South Africa’s FirstRand Bank. The investment, with each party contributing €200 million, aims to enhance private sector energy generation, boost energy security, and mitigate power cuts. The funding aligns with Europe’s Global Gateway strategy, which targets €100 billion in sustainable infrastructure investments by 2027. This initiative supports…
Author: PPD Team Date: 14/05/2025 Maharashtra State Electricity Transmission Company Limited (MSETCL) has invited bids for three major projects with a combined estimated cost of over Rs 10.7 billion. The tenders cover STATCOM installations and a large-scale conductor replacement effort across key 400 kV substations and lines. On May 8, 2025, MSETCL issued a tender for the supply, installation, and commissioning of a ±200 MVAR STATCOM system. This includes a 400 kV outdoor GIS (Gas…
Author: PPD Team Date: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 04/11/2024 Nova Clean Energy has executed interconnection agreements and high-voltage equipment supply contracts for a portfolio of wind power projects in Texas, aiming to deliver up to 1 gigawatt of clean energy to the state’s power grid. The portfolio includes multi-phase wind projects in the Delaware Basin and central Gulf Coast, with co-located battery storage to enhance grid reliability. Construction is set to begin in late 2025, with power delivery expected…