Glow raises USD 30 million to expand solar energy projects in India
Author: PPD Team Date: December 5, 2024
Author: PPD Team Date: December 5, 2024
Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures.
The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India.
Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power.
These facilities are located at Rays Power Experts’ site near Bikaner.
Glow’s CEO and co-founder, David Vorick, highlighted that the funding will enable the company to scale its operations, expand its solar farm network, and provide clean, affordable energy to communities worldwide.
Author: PPD Team Date: December 30, 2024 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of Terms of Reference (ToR) for the Indirasagar-Omkareshwar on-stream Pumped Storage Project (640 MW) by NHDC Limited in Madhya Pradesh. Located in Khandwa district, the project will require 198 hectares of forest land and an estimated investment of Rs. 47.56 billion. NHDC plans to develop the project on the…
Author: PPD Team Date: September 17, 2025 Larsen & Toubro (L&T) has received orders from the Nuclear Power Corporation of India Ltd (NPCIL) and multiple contracts for grid infrastructure projects in India, the United Arab Emirates (UAE), and Oman. The Heavy Civil Infrastructure business of L&T will execute the mechanical package for Units 5 and 6 of the Kudankulam Nuclear Power Project in Tamil Nadu. The work involves installation of the nuclear reactor, turbine, generator,…
Author: PPD Team Date: December 26, 2024 Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on July 30, 2026. The debentures carry an annual interest rate of 14.25 per…
Author: PPD Team Date: May 6, 2025 India and Denmark have signed a renewed Memorandum of Understanding (MoU) to strengthen their partnership on clean energy. This move builds on five years of collaboration and supports India’s goal of achieving net-zero emissions by 2070. The original MoU, signed on June 5, 2020, was set to end in 2025. By renewing it early, both countries have ensured that their joint work continues without disruption. The new agreement…
Author: PPD Team Date: June 10, 2025 JSW Renew Energy Three Limited, a step-down subsidiary of JSW Energy Limited (JSWEL), signed a 25-year power purchase agreement (PPA) with Adani Electricity Mumbai Limited (AEML) on June 5, 2025. The agreement covers a 250 MW State Transmission Utility (STU)-connected wind power project to be developed in Barshi, Maharashtra. The PPA stems from a bidding process held in March 2024. At the time, bids were invited for 650…
Author: PPD Team Date: February 25, 2026 Members of Vikram Solar Limited have approved three changes to the company’s board of directors through a postal ballot, with results announced on February 20, 2026, according to an exchange filing. Shareholders approved the appointment of Suresh Gopinathan Menon as a Non-Executive Non-Independent Director. Menon retired as Senior Vice President at Tata Consultancy Services and brings 36 years of experience. He holds advanced degrees from the University of…