Author: PPD Team Date: December 20, 2024
Maharashtra State Power Generation Company Limited (MSPGCL) has abandoned the Dondaicha Coal Based Power Project.
The project, planned to have a capacity of 5×660 MW near Vikharan, Methi, and Varjhadi villages in Dhule district, Maharashtra, was set to be built at an investment of Rs 215.77 billion.
Author: PPD Team Date: December 16, 2024 Andhra Pradesh has launched its Sustainable Electric Mobility Policy 4.0 (2024-2029) to establish itself as a global hub for electric vehicle (EV) manufacturing and achieve carbon neutrality (Scope 1 emissions) by 2047. The policy targets the registration of 200,000 electric two-wheelers, 10,000 electric three-wheelers, and 20,000 four-wheeler battery EVs, along with a robust charging infrastructure featuring stations every 30 km along green corridors and within a 3×3 km…
Author: PPD Team Date: February 27, 2025 The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received registration from the International Financial Services Centre Authority to operate as a finance company at GIFT City, Gujarat. This will enable foreign currency lending…
Author: PPD Team Date: October 31, 2025 Goldi Solar has raised Rs 14.22 billion in fresh funding to expand its solar manufacturing footprint. The round was led by Havells India Limited, with participation from a group of institutional and strategic investors. The consortium includes Ambit Global Private Client, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, and several private investment firms. According to the company, the capital will be directed toward solar cell…
Author: PPD Team Date: January 9, 2025 Grenergy has obtained $324 million in financing for phase four of its Oasis de Atacama project, named Gabriela. This phase includes 269 MW of solar capacity and 1.1 GWh of storage. Financing was provided by BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, Bank of Nova Scotia, and SMBC. The same institutions also financed the first three phases of the project, with a total investment of $643…
Author: PPD Team Date: January 24, 2025 Rosatom State Atomic Energy Corporation has shipped the VVER-1000 reactor vessel for Unit 6 of the Kudankulam Nuclear Power Plant (KKNPP) Project in Tamil Nadu. A set of four steam generators for Unit 6 is scheduled for shipment in 2025. The Nuclear Power Corporation of India Limited (NPCIL) is developing the plant in Tirunelveli district. Kudankulam’s total installed capacity is projected at 6,000 MW, comprising six reactors of…
Author: PPD Team Date: January 21, 2025 Pacific Gas & Electric (PG&E) has secured a record $15 billion loan guarantee from the US Department of Energy (DOE). The loan guarantee, the largest in the history of the DOE’s Loan Programs Office, will enable PG&E to expand hydropower generation, battery storage, upgrade transmission capacity with reconductoring and grid-enhancing technologies, and establish virtual power plants across Northern and Central California. These investments aim to meet growing power…