Author: PPD Team Date: 25/10/2024
HG Infra Engineering has been declared the qualified bidder by NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh as part of a 500 MW/1000 MWh standalone battery energy storage system (BESS) project.
The project is supported by viability gap funding, and the tariff rate is set at Rs 2.38 million per MW per month. The contract is scheduled for completion in 1.5 years.
Author: PPD Team Date: 07/11/2024 Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan. Conducted by Power Planners International (PPI) and funded by State Grid China, the study assessed the technical feasibility of connecting the plant to the 220kV Jhimpir-II grid station. This hybrid plant will integrate 800MW of solar and 500MW of wind power, supported…
Author: PPD Team Date: 30/10/2024 ARYA, a subsidiary of GPS Renewables, has raised Rs 1 billion in mezzanine financing as part of a Rs 2 billion funding round aimed at establishing compressed biogas (CBG) projects in collaboration with Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The financing was provided by InCred Opportunities Fund and Spark Capital, supporting ARYA’s mission to advance biofuel production and contribute to India’s net zero objectives. In…
Author: PPD Team Date: 13/02/2025 The Government of Karnataka (GoK) has signed multiple Memorandums of Understanding (MoUs) with various firms under the “Invest Karnataka-2025” summit to develop renewable energy (RE) projects in the state. The agreements, collectively valued at over Rs 3.37 trillion, focus on solar, wind, battery energy storage systems (BESS), and green hydrogen. Key MoUs signed: JSW Neo Energy Private Limited (subsidiary of JSW Energy Limited) – Rs 560 billion for solar, wind,…
Author: PPD Team Date: 30/04/2025 Reliance Industries Limited (RIL) has secured the contract to develop the “Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing potential in Kandla area of Gujarat (Phase-I: 3 GW).” The bidding process was managed by PFC Consulting Limited (PFCCL), which invited proposals in October 2024. PFCCL had also incorporated Kandla GHA Transmission Limited (KGTL), a special purpose vehicle (SPV), on November 28, 2024, to carry out this project. RIL…
Author: PPD Team Date: 04/11/2024 Leeward Renewable Energy (LRE) has announced the start of commercial operations at its 179MW White Wing Ranch solar project in Yuma County, Arizona. This project boosts LRE’s operating capacity to over 3.3GW and is the first large-scale installation of American-made First Solar Series 7 photovoltaic modules, known for enhanced efficiency and a lower carbon footprint. White Wing Ranch, spanning 1,400 acres, will supply renewable energy to the bulk electric grid…
Author: PPD Team Date: 28/10/2024 BP has finalized its acquisition of the remaining 50.03% interest in Lightsource bp, fully integrating its 62 GW renewable energy pipeline across 19 markets worldwide into BP’s portfolio. Although BP now has full ownership, Lightsource bp will retain its brand and operate independently. This acquisition enhances BP’s renewable energy reach, supporting its broader low-carbon initiatives, including power trading, EV charging, biofuels, and green hydrogen production. BP’s executive vice president for…