Author: PPD Team Date: 19/12/2024
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: 26/11/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop renewable energy projects with a capacity of up to 2000 MW. The projects will include floating solar power installations. The MoU was signed on November 26, 2024, in Raipur by Shri G. K. Gupta, Chief Engineer of CSPGCL, and Shri D. Joshi, General…
Author: PPD Team Date: 29/01/2025 The Bureau of Energy Efficiency (BEE) and The Energy and Resources Institute (TERI) have signed an MoU to set up a Centre of Excellence for Energy Transition (CoEET) in Hyderabad. The centre will focus on research, innovation, and capacity-building in energy transition technologies and policies. Key areas include reducing greenhouse gas emissions, improving energy efficiency, and promoting low-carbon technologies across industries, MSMEs, buildings, transport, power, and mining sectors. It will…
Author: PPD Team Date: 16/10/2024 Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to cost $300 million and create 800 jobs during construction. The wind farm will generate clean…
Author: PPD Team Date: 16/01/2025 The UAE has launched the world’s first large-scale, round-the-clock gigascale energy storage project in Abu Dhabi, combining a 5.2GW solar power plant with a 19GWh battery energy storage system (BESS). The initiative enables the UAE to dispatch renewable energy 24/7, addressing intermittency challenges that have hindered renewable energy deployment globally. The project will deliver 1GW of baseload power daily from renewable sources and is a major step in the UAE’s…
Author: PPD Team Date: 24/10/2024 India’s data centre capacity is projected to reach 2,000-2,100 MW by FY27, driven by investments between Rs 500 billion and Rs 550 billion, according to Investment Information and Credit Rating Agency (ICRA). The current capacity is 950 MW, with NTT Global Data Centers, CtrlS Datacenters, STT Global, Sify Technologies, and Nxtra Data controlling 85 per cent of the market as of March 2024. Low data tariffs, affordable smartphones, and technology…
Author: PPD Team Date: 04/11/2024 AM Green has placed an order with John Cockerill for a 1.3 GW advanced pressurised alkaline electrolyser for its existing plant in Kakinada, Andhra Pradesh. This marks the largest electrolyser order in India to date. The project, set to begin production in the second half of 2026, will supply electrolysers in two phases of 640 MW each. It aims to produce green hydrogen and convert it into green ammonia. In…