Author: PPD Team Date: 22/10/2024
GVPR Engineers has been declared the lowest bidder (L1) for a power distribution contract in Uttarakhand.
The company secured the contract at a value of Rs 3.96 billion for the construction of a 400 KV GIS Switching Substation in Pipalkoti. The bids were invited by the Power Transmission Corporation of Uttarakhand.
Author: PPD Team Date: 28/11/2024 Singapore-based Sembcorp Industries has been awarded the contract to build, own, and operate a 300-MW wind-solar hybrid power project for NTPC, as part of NTPC’s 1.2-GW renewable energy bid. The project will connect to India’s inter-state transmission system and is scheduled to commence commercial operations within 24 months. This project will boost Sembcorp’s renewable capacity in India to 5.4 GW. Globally, Sembcorp’s renewable energy capacity has reached 16 GW, including…
Author: PPD Team Date: 30/12/2024 Vistra has connected two new utility-scale solar projects in Illinois to the grid as part of efforts to amend the retirement schedule for its 1,185 MW Baldwin Power Plant. Originally set to retire in 2025, the plant will now operate until 2027, complying with federal Environmental Protection Agency retirement and pond closure requirements. The Baldwin site recently saw the addition of a 68 MW utility-scale solar facility and a 2…
Author: PPD Team Date: 04/12/2024 JDR Cable Systems, part of the TFKable Group, has secured a contract from DEME Offshore for the Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm in the United States. The 2.6-GW project will supply power to 660,000 homes and contribute to the US goal of deploying 30 GW of offshore wind energy by 2030. JDR will manage the installation and testing of 66kV subsea inter-array cables for…
Author: PPD Team Date: 24/12/2024 Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase, attracting Rs 137.73 billion. Only one loan was made for wind energy projects, highlighting a…
Author: PPD Team Date: 11/12/2024 Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility. The Delhi-based company plans to invest Rs 6.5 billion to produce solar panels, lithium-ion batteries, and allied solar products. The facility, set to begin with a production capacity of 2 GW, will cater to residential, commercial, and industrial segments, with exports to over 10…
Author: PPD Team Date: 16/12/2024 Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to…
Author: PPD Team Date: 28/11/2024 Singapore-based Sembcorp Industries has been awarded the contract to build, own, and operate a 300-MW wind-solar hybrid power project for NTPC, as part of NTPC’s 1.2-GW renewable energy bid. The project will connect to India’s inter-state transmission system and is scheduled to commence commercial operations within 24 months. This project will boost Sembcorp’s renewable capacity in India to 5.4 GW. Globally, Sembcorp’s renewable energy capacity has reached 16 GW, including…
Author: PPD Team Date: 30/12/2024 Vistra has connected two new utility-scale solar projects in Illinois to the grid as part of efforts to amend the retirement schedule for its 1,185 MW Baldwin Power Plant. Originally set to retire in 2025, the plant will now operate until 2027, complying with federal Environmental Protection Agency retirement and pond closure requirements. The Baldwin site recently saw the addition of a 68 MW utility-scale solar facility and a 2…
Author: PPD Team Date: 04/12/2024 JDR Cable Systems, part of the TFKable Group, has secured a contract from DEME Offshore for the Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm in the United States. The 2.6-GW project will supply power to 660,000 homes and contribute to the US goal of deploying 30 GW of offshore wind energy by 2030. JDR will manage the installation and testing of 66kV subsea inter-array cables for…
Author: PPD Team Date: 24/12/2024 Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase, attracting Rs 137.73 billion. Only one loan was made for wind energy projects, highlighting a…
Author: PPD Team Date: 11/12/2024 Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility. The Delhi-based company plans to invest Rs 6.5 billion to produce solar panels, lithium-ion batteries, and allied solar products. The facility, set to begin with a production capacity of 2 GW, will cater to residential, commercial, and industrial segments, with exports to over 10…
Author: PPD Team Date: 16/12/2024 Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to…
Author: PPD Team Date: 28/11/2024 Singapore-based Sembcorp Industries has been awarded the contract to build, own, and operate a 300-MW wind-solar hybrid power project for NTPC, as part of NTPC’s 1.2-GW renewable energy bid. The project will connect to India’s inter-state transmission system and is scheduled to commence commercial operations within 24 months. This project will boost Sembcorp’s renewable capacity in India to 5.4 GW. Globally, Sembcorp’s renewable energy capacity has reached 16 GW, including…
Author: PPD Team Date: 30/12/2024 Vistra has connected two new utility-scale solar projects in Illinois to the grid as part of efforts to amend the retirement schedule for its 1,185 MW Baldwin Power Plant. Originally set to retire in 2025, the plant will now operate until 2027, complying with federal Environmental Protection Agency retirement and pond closure requirements. The Baldwin site recently saw the addition of a 68 MW utility-scale solar facility and a 2…