Author: PPD Team Date: December 31, 2024
J&V Energy has signed a memorandum of understanding (MoU) with ESPRO to establish a joint holding company for solar energy development and management in Thailand.
The partnership aims to enhance renewable energy adoption and operational efficiency in line with Thailand’s sustainability goals.
Author: PPD Team Date: February 4, 2026 Drivn, a Gurugram based electric mobility startup, has secured financing commitments of up to $80 million from global financial services group Nomura. The funding will support the first phase of deploying close to 1,000 electric buses and trucks for inter city and heavy transport operations. Founded in 2023 by Manav Bansal and Alpna Jain, Drivn operates a full stack platform that acquires, owns, and leases commercial electric vehicles….
Author: PPD Team Date: January 6, 2025 Bharti Airtel has acquired a 26% stake in a special purpose vehicle of AMPIN Energy Transition to develop a 50 MW wind-solar hybrid power project in Barmer, Rajasthan. The Rs 378.9 million investment will enable Airtel to source green energy in a captive mode, utilizing interstate transmission networks for nationwide distribution. The project, under AMP Energy Green Three, is expected to start operations by Q2 of FY 2025–26,…
Author: PPD Team Date: April 30, 2025 Spain and Portugal began restoring power after experiencing the worst blackout in their history on 28 April 2025. The outage, which started around 10:33 GMT, caused massive disruptions, including grounding planes, halting public transport, shutting down stores, and forcing the closure of Spanish oil refineries. Hospitals suspended routine operations, while traffic in Madrid came to a standstill. Spanish Prime Minister Pedro Sánchez reported that Spain’s power grid lost…
Author: PPD Team Date: December 17, 2025 The cost of battery energy storage systems discovered through competitive bidding has fallen steeply over the past two years, supported by viability gap funding schemes and transmission charge waivers, according to information presented in Parliament. The cost of Battery Energy Storage System (BESS) capacity discovered through tariff based competitive bidding during 2022 to 2023 was about Rs 10.18 per kWh, assuming the storage system is used for two…
Author: PPD Team Date: August 27, 2025 Adani Energy Solutions Limited (AESL) has announced the incorporation of a new wholly owned subsidiary, Adani Electricity Puducherry Limited. The company was officially registered on August 25, 2025, and will focus on electricity distribution and related businesses. The subsidiary has been set up with an authorised and paid-up share capital of Rs 1 lakh. According to the company’s filing, the new entity is yet to commence operations but…
Author: PPD Team Date: November 7, 2024 IREL (India) Limited, a CPSU under India’s Department of Atomic Energy (DAE), has partnered with Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant JSC (UKTMP) to establish IREUK Titanium Limited, a joint venture for producing titanium slag in Odisha, India. IREUK Titanium Limited will leverage IREL’s surplus ilmenite production in Odisha, with UKTMP providing the technology for titanium slag production, converting low-grade ilmenite into high-grade titanium feedstock. The collaboration benefits…