Author: PPD Team Date: 30/12/2024
Jakson Group and OMC Power have partnered to implement a 50 MW solar rooftop project valued at Rs 2 billion.
This initiative will offset 62,500 tonnes of carbon emissions annually, equal to planting 2.5 million trees.
Jakson Group will deploy rooftop systems across all 75 districts of Uttar Pradesh, supporting the state’s clean energy transition.
Author: PPD Team Date: 04/11/2024 Nova Clean Energy has executed interconnection agreements and high-voltage equipment supply contracts for a portfolio of wind power projects in Texas, aiming to deliver up to 1 gigawatt of clean energy to the state’s power grid. The portfolio includes multi-phase wind projects in the Delaware Basin and central Gulf Coast, with co-located battery storage to enhance grid reliability. Construction is set to begin in late 2025, with power delivery expected…
Author: PPD Team Date: 12/12/2024 Solar Landscape, a US-based commercial and community solar developer, has raised $847 million in project investment and financing in 2024. This funding will support the deployment of over 200 rooftop solar installations across the country. Additionally, the company has secured contracts for developing solar projects on 40 million square feet of commercial and industrial rooftop space. The financing was raised through partnerships with 10 investors and counterparties, including KeyState Renewables,…
Author: PPD Team Date: 09/06/2025 The Ministry of Power has revised its Standard Bidding Documents (SBDs) for Inter-State Transmission Services. Announced on June 5, 2025, the amendment now permits bidders to submit Insurance Surety Bonds (ISBs) and Payment on Order Instruments (POIs) instead of relying solely on traditional bank guarantees. The revised bid security norms expand the definition of a Bid Bond to include three instruments: unconditional bank guarantees, ISBs issued by IRDAI-authorised insurers, and…
Author: PPD Team Date: 24/02/2025 Tata Power Delhi Distribution (Tata Power-DDL) has partnered with Probus Smart Things to enhance smart metering technology through a Universal Network Interface Card (NIC) with Bluetooth-enabled communication. The Universal NIC aims to improve smart metering capabilities by ensuring reliable and efficient communication even in the absence of primary networks, according to a statement from Tata Power-DDL. Key features of the NIC include Bluetooth-enabled connectivity for seamless meter data collection and…
Author: PPD Team Date: 28/10/2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2…
Author: PPD Team Date: 05/12/2024 Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will support the construction of solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debt. The agreement includes a €150 million accordion facility, designed to enhance Amarenco’s operational capacity, reduce financial risk, and improve project execution timelines. …
Author: PPD Team Date: 04/11/2024 Nova Clean Energy has executed interconnection agreements and high-voltage equipment supply contracts for a portfolio of wind power projects in Texas, aiming to deliver up to 1 gigawatt of clean energy to the state’s power grid. The portfolio includes multi-phase wind projects in the Delaware Basin and central Gulf Coast, with co-located battery storage to enhance grid reliability. Construction is set to begin in late 2025, with power delivery expected…
Author: PPD Team Date: 12/12/2024 Solar Landscape, a US-based commercial and community solar developer, has raised $847 million in project investment and financing in 2024. This funding will support the deployment of over 200 rooftop solar installations across the country. Additionally, the company has secured contracts for developing solar projects on 40 million square feet of commercial and industrial rooftop space. The financing was raised through partnerships with 10 investors and counterparties, including KeyState Renewables,…
Author: PPD Team Date: 09/06/2025 The Ministry of Power has revised its Standard Bidding Documents (SBDs) for Inter-State Transmission Services. Announced on June 5, 2025, the amendment now permits bidders to submit Insurance Surety Bonds (ISBs) and Payment on Order Instruments (POIs) instead of relying solely on traditional bank guarantees. The revised bid security norms expand the definition of a Bid Bond to include three instruments: unconditional bank guarantees, ISBs issued by IRDAI-authorised insurers, and…
Author: PPD Team Date: 24/02/2025 Tata Power Delhi Distribution (Tata Power-DDL) has partnered with Probus Smart Things to enhance smart metering technology through a Universal Network Interface Card (NIC) with Bluetooth-enabled communication. The Universal NIC aims to improve smart metering capabilities by ensuring reliable and efficient communication even in the absence of primary networks, according to a statement from Tata Power-DDL. Key features of the NIC include Bluetooth-enabled connectivity for seamless meter data collection and…
Author: PPD Team Date: 28/10/2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2…
Author: PPD Team Date: 05/12/2024 Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will support the construction of solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debt. The agreement includes a €150 million accordion facility, designed to enhance Amarenco’s operational capacity, reduce financial risk, and improve project execution timelines. …
Author: PPD Team Date: 04/11/2024 Nova Clean Energy has executed interconnection agreements and high-voltage equipment supply contracts for a portfolio of wind power projects in Texas, aiming to deliver up to 1 gigawatt of clean energy to the state’s power grid. The portfolio includes multi-phase wind projects in the Delaware Basin and central Gulf Coast, with co-located battery storage to enhance grid reliability. Construction is set to begin in late 2025, with power delivery expected…
Author: PPD Team Date: 12/12/2024 Solar Landscape, a US-based commercial and community solar developer, has raised $847 million in project investment and financing in 2024. This funding will support the deployment of over 200 rooftop solar installations across the country. Additionally, the company has secured contracts for developing solar projects on 40 million square feet of commercial and industrial rooftop space. The financing was raised through partnerships with 10 investors and counterparties, including KeyState Renewables,…