Author: PPD Team Date: January 27, 2025
Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year.
The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: October 28, 2024 The Department of Energy (DOE) in the Philippines has approved 19 projects for grid assessment via the National Grid Corporation of the Philippines (NGCP). These projects will undergo a system impact study to evaluate grid readiness for new energy connections and identify required upgrades. Seventeen of the approved projects focus on renewable energy, with two involving waste-to-energy and battery energy storage systems. Notable projects include Vortex Offshore Wind…
Author: PPD Team Date: January 9, 2025 Grenergy has obtained $324 million in financing for phase four of its Oasis de Atacama project, named Gabriela. This phase includes 269 MW of solar capacity and 1.1 GWh of storage. Financing was provided by BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, Bank of Nova Scotia, and SMBC. The same institutions also financed the first three phases of the project, with a total investment of $643…
Author: PPD Team Date: July 1, 2025 NTPC Limited has commissioned 142.22 MW of solar capacity under its 300 MW solar allocation at the 450 MW Inter-State Transmission System (ISTS)-connected Wind-Solar Hybrid Power Project in Khavda, Gujarat. The milestone was achieved on June 28, 2025. The project forms part of the 450 MW capacity awarded to NTPC in May 2022. NTPC’s share includes 300 MW solar and 150 MW wind power. In a parallel development,…
Author: PPD Team Date: June 12, 2025 The Central Pollution Control Board (CPCB) has released draft guidelines for handling and storing waste solar photovoltaic (PV) modules, panels, or cells. These fall under the E-Waste (Management) Rules, 2022, which took effect on April 1, 2023. Solar waste is covered under Chapter V of the rules. Although excluded from extended producer responsibility (EPR) recycling targets, it must still be stored by producers and recyclers until 2034–35. Entities…
Author: PPD Team Date: February 5, 2025 Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) to acquire 100 per cent equity in a distribution company. As a result, Chandigarh Power Distribution Ltd (CPDL) becomes a step-down subsidiary of CESC Ltd. The deal is valued at Rs 8.71 billion in cash. The acquisition was completed for approximately Rs 8.71 billion….
Author: PPD Team Date: June 5, 2025 Maruti Suzuki India Limited (MSIL) has commissioned a total of 30 MWp solar power capacity across its Haryana facilities. This includes a 20 MWp installation at Kharkhoda and a 10 MWp unit at Manesar. Alongside these projects, the company is increasing the share of green power sourced from State Electricity Boards, further reducing its reliance on conventional energy. Mr. Hisashi Takeuchi, Managing Director & CEO of MSIL, confirmed…