Author: PPD Team Date: December 19, 2024
Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP).
The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Author: PPD Team Date: November 4, 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…
Author: PPD Team Date: November 14, 2024 IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise…
Author: PPD Team Date: November 19, 2025 INOXGFL Group companies have signed two separate agreements with the KP Group to jointly build 5 GW of renewable energy capacity across India. The plan covers wind, solar, and hybrid projects and brings together the strengths of both groups in manufacturing, project development, and long-term operations. Inox Wind Limited and KP Energy Limited will work together on 2.5 GW of wind and wind solar hybrid projects. Inox Solar…
Author: PPD Team Date: May 2, 2025 Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project…
Author: PPD Team Date: February 18, 2026 Gujarat-based Powertrac Group has invested Rs 600 crore to set up a 1,000 MWh per annum containerised Battery Energy Storage System (BESS) manufacturing facility in India. The company joins firms such as Hoymiles and Pace Digitek that have recently entered the containerised BESS segment. Divyarajsinh Zala, Managing Director (MD) of Powertrac Group, announced the development in a social media post. He stated that the company is shifting its…
Author: PPD Team Date: January 7, 2025 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to create a joint venture (JV) for renewable energy parks and projects. NGEL holds a 51% stake, subscribing to 51,000 equity shares at Rs 10 each, while UPRVUNL retains 49%. The JV will focus on the development, operation, and maintenance of renewable energy projects, contributing to India’s…