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: 13/02/2025 Punjab State Power Corporation Limited (PSPCL) has issued Letters of Award (LoAs) to five firms for developing a total of 31.37 MW grid-connected rooftop solar photovoltaic (PV) projects under the capital expenditure (CAPEX) model. The projects will be installed across various locations in Punjab. Sugs Lloyd Private Limited secured contracts for multiple packages, including 5.113 MW on 199 buildings in Jalandhar (Rs 207.09 million), 3.019 MW on 92 buildings in…
Author: PPD Team Date: 02/01/2025 Solex Energy Limited has secured contracts worth Rs 1,790 million from Sprng Energy Private Limited and Zodiac Energy Limited for supplying solar modules for a total of 120 MW solar photovoltaic (PV) power projects in India. The contracts include: Supply of 100 MW N-type TOPCON 585/590 Wp PV modules worth Rs 1,500 million to Sprng Energy, with delivery expected by June 2025. Supply of 20 MW Bifacial PERC PV modules…
Author: PPD Team Date: 26/11/2024 A consortium of Bharat Heavy Electricals (BHEL) and Hitachi Energy India has secured a contract from Power Grid Corporation of India (PGCIL) for the Khavda-Nagpur High Voltage Direct Current (HVDC) transmission project. The contract involves designing and constructing 800kV, 6,000 MW HVDC terminal stations at the Khavda Pooling Station-2 in Gujarat and Nagpur in Maharashtra. Spanning 1,200 km, the system will enable bi-directional power flow and facilitate renewable energy evacuation…
Author: PPD Team Date: 30/01/2025 Ørsted and Polska Grupa Energetyczna (PGE) have made the final investment decision (FID) for the 1.5GW Baltica 2 offshore wind farm off the Polish coast. The wind farm is expected to be fully commissioned by the end of 2027. Developed in a 50/50 partnership, Ørsted and PGE will be responsible for the entire project, including offshore transmission and substations. The project will feature 107 Siemens Gamesa 14 MW-222 turbines, with…
Author: PPD Team Date: 09/12/2024 Denmark’s largest offshore wind farm tender, launched in April 2024, received no bids, marking a setback for the global offshore wind industry. The tender offered six sites with a combined capacity of up to 10GW, including three in the North Sea and three in the Baltic and Kattegat. The Danish Energy Agency plans to engage with market participants to understand the reasons behind the lack of interest, especially considering the…
Author: PPD Team Date: 25/04/2025 Gujarat Industries Power Company Limited (GIPCL) has commissioned 25 MW of a 75 MW captive solar photovoltaic (PV) power project at Vastan, Gujarat on April 24, 2025. The full project is being developed by Madhav Infra Projects Private Limited on an engineering, procurement, and construction (EPC) basis. It spans 140 hectares within the mining lease area of the Vastan Lignite Mine near the Surat Lignite Power Plant. This includes 100…