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: September 19, 2024 Maharashtra State Electricity Distribution Company (MSEDCL) has issued a letter of intent (LoI) to Adani Power (APL) for the supply of 5,000 MW of solar power to Maharashtra. This follows Adani Group’s successful bid to supply a total of 6,600 MW, including 5,000 MW of solar power and 1,600 MW of thermal power. Adani Green Energy (AGEL) will enter into a long-term power purchase agreement (PPA) with MSEDCL…
Author: PPD Team Date: November 22, 2024 National Grid Renewables has started construction on the 100MW Apple River Solar project in Polk County, Wisconsin. Scheduled to commence operations in late 2025, the project will generate clean energy sufficient to power approximately 26,000 homes annually. The solar farm will use First Solar Series 6 Plus bifacial modules. Construction is being handled by The Boldt Company, creating 150 jobs. Once operational, Apple River will supply power to…
Author: PPD Team Date: November 12, 2024 Sterlite Power Transmission Limited has secured a contract worth Rs 682.5 million from Power Grid Corporation of India Limited (PGCIL) for reconductoring Package OH01. The package includes the reconductoring of the 220 kV Hisar (PG) to Hisar (IA) single circuit line and the 400 kV Raichur to Veltoor (Mahabubnagar) line with high-tension low-sag (HTLS) conductors. This project involves reconductoring the transmission line and upgrading the 400 kV bays…
Author: PPD Team Date: September 17, 2025 A Group of Ministers (GoM) chaired by Power Minister Manohar Lal has proposed a new scheme to restructure the rising debt of State-owned power distribution companies (discoms). The panel said the liabilities should be formally recognised as obligations of the respective State governments. The Reserve Bank of India’s State Finance – A Study of Budgets of 2024-25 estimated the accumulated losses of discoms at Rs 6.5 lakh crore…
Author: PPD Team Date: December 24, 2024 Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase, attracting Rs 137.73 billion. Only one loan was made for wind energy projects,…
Author: PPD Team Date: July 18, 2025 The Delhi government has amended its rooftop solar subsidy scheme under the Delhi Solar Energy Policy, 2023, according to The Economic Times. Households will now receive Rs 10,000 per kilowatt for rooftop solar systems up to 3 kW, capped at Rs 30,000 per consumer. The earlier subsidy was Rs 2,000 per kW, capped at Rs 10,000. The revised scheme came into effect on July 10. Group housing societies…