Author: PPD Team Date: January 20, 2025
Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: June 4, 2025 Waaree Solar Americas, the US subsidiary of India’s Waaree Energies, has signed a solar module supply agreement worth $176 million with a US-based independent power producer (IPP). Under the agreement, Waaree will supply 586 MW of solar photovoltaic (PV) modules for four projects. The modules will be produced at Waaree’s facility in Brookshire, Texas, with deliveries scheduled across financial years 2026 and 2027. The modules will use domestically…
Author: PPD Team Date: October 30, 2024 DTE Energy has commenced operations at its 150 MW Sauk Solar Park in Branch County, Michigan. The facility, containing 347,000 solar panels, can provide clean energy to approximately 40,000 homes, making it DTE’s largest solar installation, surpassing its second-largest solar park in Lapeer by over threefold. Sauk Solar is the first of six planned solar parks as part of DTE’s expansion of renewable projects through its CleanVision MIGreenPower…
Author: PPD Team Date: September 16, 2024 Sumitomo Corporation has formed a joint venture with AMPIN Energy Transition Pvt Ltd to form AMPIN C&I Power Pvt Ltd for developing renewable energy assets in India and promoting corporate Power Purchase Agreements (PPAs) for supplying renewable electricity to businesses. The total project cost is approximately 100 billion yen and is expected to create a 1 GW portfolio of renewable energy assets backed by corporate PPAs. The joint…
Author: PPD Team Date: January 9, 2025 Mahindra has opened a new manufacturing and battery assembly facility at its Chakan plant, dedicated to producing Electric Origin SUVs. The facility, powered entirely by renewable energy, operates as a water-positive unit within Mahindra’s Chakan manufacturing hub. This development is part of Mahindra’s Rs 45 billion investment from its Rs 160 billion FY22–FY27 investment cycle, which includes powertrain development, new product platforms, and expanded manufacturing capacity. The facility…
Author: PPD Team Date: November 13, 2025 ACME Solar Holdings Limited has secured a 450 MW (1,800 MWh) Firm and Dispatchable Renewable Energy (FDRE-IV) project from SJVN Limited at a tariff of Rs 6.75 per unit for 25 years. The project was awarded on November 10, 2025, following an e-reverse auction held on October 9, 2025, under the Tariff-Based Competitive Bidding (TBCB) guidelines. The project will supply power equivalent to 4 MWh per MW of…
Author: PPD Team Date: November 6, 2024 ACCIONA Energía has acquired two wind farms in Texas, Green Pastures I and Green Pastures II, each with a capacity of 150 MW. Located in Baylor and Knox Counties, these fully operational projects were acquired from private asset management firms for $202.5 million, boosting ACCIONA’s total installed capacity in the US. The two wind farms are integrated into the Electric Reliability Council of Texas (ERCOT) grid, which handles…