Author: PPD Team Date: 11/12/2024
Similar Posts
RWE signs PPA with Rivian for EV fast-charging network with Texas wind energy
Author: PPD Team Date: 04/11/2024 German energy company RWE has entered a 15-year power purchase agreement (PPA) with electric vehicle manufacturer Rivian to supply renewable energy from its upgraded 127MW Champion Wind project in Nolan and Mitchell counties, West Texas. This agreement will support Rivian’s Adventure Network, enabling renewable energy-powered fast charging for its EVs and contributing to the company’s goal of achieving carbon neutrality. Champion Wind, initially launched in 2008, is undergoing a major…
PFCCL transfers two SPVs for transmission projects
Author: PPD Team Date: 17/01/2025 PFC Consulting Ltd (PFCCL) has transferred two project Special Purpose Vehicles (SPVs) to their respective winning bidders for the development of interstate transmission system (ISTS) schemes. The SPVs transferred are: Gadag II & Koppal II Transmission Ltd to Power Grid Corporation of India Ltd Bijapur REZ Transmission Ltd to G R Infraprojects Ltd Both SPVs, originally wholly-owned subsidiaries of PFCCL, will now be under the ownership of the winning developers…
ACWA Power grows renewable portfolio in Africa
Author: PPD Team Date: 04/11/2024 ACWA Power’s Redstone Concentrating Solar Power (CSP) plant in South Africa has synchronized 50 MW to the national grid, with full capacity expected to reach 100 MW shortly. Developed in collaboration with Herlogas and SEPCOIII, the Redstone CSP is set to deliver clean energy to approximately 200,000 households, significantly curbing carbon emissions. Meanwhile, the Kom Ombo Photovoltaic (PV) plant in Egypt has achieved its full production capacity of 200 MW,…
Waaree Energies to launch Rs 36 billion IPO
Author: PPD Team Date: 17/10/2024 Waaree Energies has announced its initial public offering (IPO), set to launch on October 21, 2024. The anchor investor bidding will open on October 18, and the offer will close on October 23. The IPO includes 4.8 million equity shares with a total value of Rs 36 billion. The price band is set between Rs 1,427 and Rs 1,503 per share, with a minimum bid of 9 shares. Waaree Sustainable…
HPL Electric secures Rs 1.44 billion order for smart and conventional meters
Author: PPD Team Date: 18/09/2024 HPL Electric & Power has won an order worth Rs 1.44 billion for the supply of smart and conventional meters. The company, a leading manufacturer of electrical equipment, will execute the order as per the terms of the letter of award (LoA). HPL operates across five key product areas: metering solutions, modular switches, switchgear, LED lighting, and wires and cables. It holds a strong position in the on-load change-over switches…
Adani Green withdraws from two wind projects in Sri Lanka
Author: PPD Team Date: 17/02/2025 Adani Green Energy, part of India’s Adani Group, has decided to withdraw from two proposed wind power projects in Sri Lanka due to financial challenges. The decision follows recent discussions with the Sri Lankan government regarding the reduction of power generation costs. Sri Lanka’s capital, Colombo, had aimed to lower the cost of power to $0.06 per kilowatt hour, down from the initial $0.08. However, Adani Green Energy deemed the…