KPI Green Energy Limited has received approvals from the Chief Electrical Inspector for 16 MW of solar power projects under its captive power plant (CPP) business. These projects were executed for KPI Green Energy’s clients and developed through its wholly-owned subsidiaries, KPIG Energia Private Limited and Sun Drops Energia Private Limited.
The Ministry of Power (MoP) has released a draft for tariff-based competitive bidding (TBCB) aimed at procuring storage capacity or stored energy from pumped storage plants (PSP). The draft outlines a single-stage, two-part bidding process, including technical and financial bidding stages, for securing storage capacity from these projects. According to the draft, for on-river pumped storage projects, operations must commence within 66 months of signing the power purchase agreement (PPA). For off-river projects, the completion…
The Ministry of New and Renewable Energy (MNRE) has released a draft amendment to the Approved List of Models and Manufacturers (ALMM) List-II for solar photovoltaic (PV) cells, effective from April 1, 2026, to accommodate rising solar PV cell capacity. Under the new guidelines, projects must source their solar PV modules from manufacturers in ALMM List-I, and those modules must use PV cells from manufacturers listed in ALMM List-II. Solar PV modules already listed in…
Piedmont Lithium has cancelled its application with the US Department of Energy’s (DOE) Loan Programs Office, citing high costs. The decision comes as the company faces an 83% decline in lithium prices over the past year, prompting a need to preserve cash flow. The company recently scrapped plans for a lithium processing facility in Tennessee, despite receiving a $141.7 million government grant. Piedmont is now seeking debt financing for 65% to 75% of the $1…
PFC Consulting Ltd (PFCCL) has transferred two special purpose vehicles (SPVs) related to interstate transmission system (ISTS) schemes to Power Grid Corporation of India Ltd (PGCIL), the winning developer under the tariff-based competitive bidding (TBCB) mechanism. The formal transfer was completed on August 22, 2024, as confirmed by a stock exchange filing from Power Finance Corporation Ltd, the parent company of PFCCL. The first SPV, Sirohi Transmission Ltd, is linked to the transmission system for…
Grasim Industries Limited has acquired 26% equity stakes in two special purpose vehicles (SPVs), AMPIN Energy C&I Three Private Limited and AMPIN Energy C&I One Private Limited, to develop solar power facilities at its plants in Chamarajanagar, Karnataka, and Cheyyar, Tamil Nadu. Grasim Industries will invest up to Rs 12 million for the Chamarajanagar plant and Rs 12.6 million for the Cheyyar plant. Each SPV will develop a captive solar power generation facility with a…
A group of US solar panel manufacturers has requested the Commerce Department to impose retroactive duties on imports from Vietnam and Thailand, citing a surge in shipments from these countries amid ongoing investigations into alleged unfair trade practices. The probe, initiated by the Commerce Department in May, targets silicon solar cells and panels made in Vietnam, Thailand, Malaysia, and Cambodia. The investigation focuses on accusations that these products were sold in the US at excessively…
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