Author: PPD Team Date: 20/01/2025
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: 19/12/2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual…
Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL). The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.
Author: PPD Team Date: 09/12/2024 Assam and Bihar are leading states in smart meter installations under the Revamped Distribution Sector Scheme (RDSS), with a total of 7.54 million smart meters installed across India. This includes 7.30 million consumer meters, 0.18 million distribution transformer (DT) meters and 0.06 million feeder meters. The total number of smart meters sanctioned under RDSS stands at approximately 2.03 billion, indicating that only 3.7% of the meters have been installed so…
Author: PPD Team Date: 06/11/2024 TechnipFMC and Prysmian have entered into a partnership to deliver a comprehensive solution for floating offshore wind projects, integrating expertise from the seabed to the ocean surface. This collaboration combines TechnipFMC’s proficiency in dynamic offshore system design with Prysmian’s leadership in submarine power cable systems. The agreement aims to streamline project delivery through a full engineering, procurement, construction, and installation (EPCI) model, optimizing mooring, anchoring, and both inter-array and export…
Author: PPD Team Date: 06/03/2025 EDF Renewables North America and Abu Dhabi Future Energy Company (Masdar) have signed a power purchase agreement (PPA) with data center developer Soluna Holdings. Under this agreement, Soluna will purchase up to 166 MW of energy from the Las Majadas wind project to power its upcoming data center, Project Kati, near the wind project’s substation in Willacy County, Texas. The 273 MW Las Majadas wind farm has been operational since…
Author: PPD Team Date: 28/10/2024 French asset management firm Mirova has committed €480 million ($518 million) to RP Global, an independent power producer (IPP), to advance its 2.5 GW pipeline of clean energy projects across Europe. The investment is split between the Mirova Energy Transition 6 (MET6) fund, providing €200 million, and an additional €280 million from a co-investment vehicle managed by Mirova. This partnership makes MET6 a significant minority shareholder in RP Global. Anne-Laure…
Author: PPD Team Date: 19/12/2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual…
Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL). The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.
Author: PPD Team Date: 09/12/2024 Assam and Bihar are leading states in smart meter installations under the Revamped Distribution Sector Scheme (RDSS), with a total of 7.54 million smart meters installed across India. This includes 7.30 million consumer meters, 0.18 million distribution transformer (DT) meters and 0.06 million feeder meters. The total number of smart meters sanctioned under RDSS stands at approximately 2.03 billion, indicating that only 3.7% of the meters have been installed so…
Author: PPD Team Date: 06/11/2024 TechnipFMC and Prysmian have entered into a partnership to deliver a comprehensive solution for floating offshore wind projects, integrating expertise from the seabed to the ocean surface. This collaboration combines TechnipFMC’s proficiency in dynamic offshore system design with Prysmian’s leadership in submarine power cable systems. The agreement aims to streamline project delivery through a full engineering, procurement, construction, and installation (EPCI) model, optimizing mooring, anchoring, and both inter-array and export…
Author: PPD Team Date: 06/03/2025 EDF Renewables North America and Abu Dhabi Future Energy Company (Masdar) have signed a power purchase agreement (PPA) with data center developer Soluna Holdings. Under this agreement, Soluna will purchase up to 166 MW of energy from the Las Majadas wind project to power its upcoming data center, Project Kati, near the wind project’s substation in Willacy County, Texas. The 273 MW Las Majadas wind farm has been operational since…
Author: PPD Team Date: 28/10/2024 French asset management firm Mirova has committed €480 million ($518 million) to RP Global, an independent power producer (IPP), to advance its 2.5 GW pipeline of clean energy projects across Europe. The investment is split between the Mirova Energy Transition 6 (MET6) fund, providing €200 million, and an additional €280 million from a co-investment vehicle managed by Mirova. This partnership makes MET6 a significant minority shareholder in RP Global. Anne-Laure…
Author: PPD Team Date: 19/12/2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual…
Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL). The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.