Author: PPD Team Date: December 20, 2024
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: February 5, 2026 Solis has ranked first by market share in India’s rooftop solar inverter segment for the fifth consecutive year, according to an industry report. The CRISIL–Bridge to India Rooftop Map shows that Solis accounted for 25% of total inverter deployments in India’s rooftop solar market. The sector added 7,117 MW of capacity in the year ended June 2025. The report attributes Solis’s position to its wide product range, established…
Author: PPD Team Date: May 29, 2025 Engie has achieved financial closure for its 200 MW solar photovoltaic (PV) project in Khavda, Gujarat, under the Phase XXIII tender by Gujarat Urja Vikas Nigam Limited (GUVNL). The company signed a loan agreement with MUFG Bank and Crédit Agricole S.A. to fund the project. The grid-connected project will be developed by Enren-II Energy Private Limited, a special purpose vehicle (SPV) of Engie. In March 2024, Engie won…
Author: PPD Team Date: December 12, 2024 India’s nuclear power generation capacity has nearly doubled over the past decade, rising from 4,780 MW in 2014 to 8,180 MW in 2024. Union Minister Dr. Jitendra Singh shared this update during a discussion in the Lok Sabha, he outlined that nuclear power capacity is projected to triple to 22,480 MW by 2031-32. This expansion is driven by initiatives such as bulk reactor approvals, enhanced funding, public-sector collaboration,…
Author: PPD Team Date: March 31, 2025 The Madras High Court has struck down additional network charges imposed on rooftop solar power used for captive consumption. This ruling is expected to ease costs for industrial consumers and boost solar energy adoption in Tamil Nadu. The case involved 22 petitions, including one from the South India Spinners Association, challenging charges levied by Tamil Nadu Generation and Distribution Corporation (Tangedco), now Tamil Nadu Power Distribution Corporation Limited…
Author: PPD Team Date: December 9, 2024 The Ministry of Coal has launched the 11th round of commercial coal mine auctions, offering 27 coal blocks across Jharkhand, Odisha, Chhattisgarh, Maharashtra, Madhya Pradesh, and Arunachal Pradesh, including one coking coal mine. The blocks offered include both fully and partially explored mines. Additionally, agreements with successful bidders from the 10th round have been finalised, with the operationalisation of these mines expected to generate annual revenue of Rs…
Author: PPD Team Date: February 20, 2026 India and the United Kingdom have set up a joint Offshore Wind Taskforce to accelerate project implementation, strengthen supply chains, and address structural challenges in India’s offshore wind sector. The initiative was launched by Union Minister for New and Renewable Energy Pralhad Joshi along with UK Deputy Prime Minister David Lammy and British High Commissioner to India Lindy Cameron. The Taskforce has been established under the India–UK Vision…