Author: PPD Team Date: January 14, 2025
Lupin Limited has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Private Limited.
This follows the share subscription and shareholders agreement with Sunsure Solarpark and Sunsure Energy Private Limited, involving an equity investment of Rs 105.53 million, to be executed in two tranches.
Author: PPD Team Date: August 21, 2025 Suzlon Group has pledged to run all 15 of its manufacturing facilities entirely on renewable energy by 2030. The company has also become the first from India to join the RE100 Initiative, a global program led by Climate Group in partnership with the Carbon Disclosure Project. The initiative is part of Suzlon’s wider decarbonization strategy. The company aims to achieve carbon neutrality for Scope 1 and 2 emissions…
Author: PPD Team Date: August 7, 2025 China’s solar and wind curtailment rates rose sharply in the first half of 2025, highlighting growing grid constraints amid record renewable additions. Solar curtailment reached 5.7 per cent, up from 3 per cent a year earlier. Wind rose to 6.6 per cent from 3.9 per cent, according to the National Energy Administration. Curtailment occurs when generated power cannot be delivered due to oversupply or transmission bottlenecks. Remote western…
Author: PPD Team Date: November 5, 2024 Uttar Pradesh is advancing its renewable energy goals by partnering with energy firms to establish floating solar power plants, aiming to reach 14,000 MW of solar power generation by 2027. Under the ‘PM Surya Ghar Yojana’, the state targets connecting 2.5 million households to solar energy. Floating solar projects are planned for seven reservoirs, in collaboration with NTPC, Tehri Hydro Development Corporation (THDC), and Satluj Jal Vidyut Nigam…
Author: PPD Team Date: January 3, 2025 The Renewables Infrastructure Group (TRIG) has secured a power purchase agreement (PPA) with Qair France and partners to supply renewable electricity to the Hyd’Occ hydrogen production facility in Port-la Nouvelle, Aude, France. Electricity will be sourced from TRIG’s two onshore wind farms in the Occitanie region, supporting sustainable energy initiatives in the area. The Hyd’Occ facility, developed by Qair’s subsidiary, Hyd’Occ project company, involves a €60m ($65.4m) investment…
Author: PPD Team Date: June 23, 2025 Siemens Energy India Ltd (SEIL) was officially listed on BSE Ltd and the National Stock Exchange of India Ltd on June 19, 2025, completing the demerger of Siemens Ltd’s energy business. With this listing, SEIL begins operating as an independent entity with a focus on transparency, agility, and strategic alignment to India’s fast-evolving energy sector. SEIL employs over 4,200 professionals and operates ten manufacturing units and eleven regional…
Author: PPD Team Date: January 3, 2025 Equinor has secured over $3bn in financing for its Empire Wind 1 offshore wind project, set to be the first to connect to the New York City grid. The project, which will power 500,000 homes in New York, is scheduled to begin operations in 2027. Empire Wind 1, with a capacity of 810 MW, is part of a larger development that includes Empire Wind 2, which could add…