Maharashtra launches portal to fast-track 7,000 MW solar project for farmers
Author: PPD Team Date: April 28, 2025
Author: PPD Team Date: April 28, 2025
The Maharashtra government has launched the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0 project management portal to speed up work under its MSKVY 2.0 scheme.
The scheme targets achieving 7,000 MW of decentralised solar capacity. It aims to supply daytime electricity to farmers through solar feeders. It follows a self-paying model where savings from reduced grid power costs are expected to recover project expenses within 6–8 years.
Under MSKVY 2.0, Mahavitaran will receive electricity at an average rate of Rs 3 per unit. This is expected to reduce the subsidy burden on the state government for supplying free power to agricultural pumps. It will also ease the cross-subsidy burden on industrial consumers.
The scheme is expected to attract private investment of around Rs 65 billion and create about 70,000 jobs in rural areas. Around 40,000 acres of land are being prepared for solar projects. Tenders have been issued, and work orders distributed to private developers.
Upgrades to the electricity grid are also underway to handle the increase in solar power generation.
Author: PPD Team Date: October 9, 2025 Deon Energy Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise Rs 1.5 billion through an initial public offering. The issue comprises a fresh sale of equity shares with a face value of Rs 10 each. The company plans to use about Rs 1 billion from the proceeds for long-term working capital needs, while the rest will go toward…
Author: PPD Team Date: October 22, 2024 JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy Limited, has acquired three special purpose vehicles (SPVs)—Hetero Wind Power Limited, Hetero Wind Power (Pennar) Private Limited, and Hetero Med Solutions Limited—from Hetero Labs Limited and Hetero Drugs Limited. These SPVs have a combined wind energy capacity of 125 MW. This acquisition aligns with JSW Neo Energy’s strategy to expand its renewable portfolio and supports its goal of…
Author: PPD Team Date: October 28, 2024 Vedanta Group’s Serentica Global has announced plans to develop renewable energy projects totalling 10 GW in Andhra Pradesh. Company officials shared their plans with Nara Lokesh, the State Minister for Education, IT, and Electronics. The Minister highlighted Andhra Pradesh’s goal of achieving 72 GW of renewable energy capacity by 2030 and invited corporations and investors to contribute to this initiative. These large-scale projects are expected to create significant…
Author: PPD Team Date: November 29, 2024 Hitachi Energy will provide essential grid connection and power quality solutions for ScottishPower Renewables’ East Anglia 2 (EA2) offshore wind farm. The 960 MW project, located 32 kilometres off Suffolk in eastern England, will generate enough energy to power one million UK homes. The project will leverage Hitachi Energy’s Grid-eXpand system, gas-insulated switchgear, and Grid-enSure power quality solution, featuring the SVC Light STATCOM. ScottishPower Renewables describes the £4…
Author: PPD Team Date: December 16, 2025 Hitachi Energy has won a contract from Nordic Electro Power (NEPower) to supply power conversion systems for Finland’s largest battery energy storage system (BESS), being developed by Swiss energy company Alpiq in Haapajärvi. The 125 MW project will support Fingrid’s reserve market and help balance electricity supply and demand. Commissioning is planned for mid-2027. Hitachi Energy’s scope includes battery storage power conversion systems, transformers, ring main units, a…
Author: PPD Team Date: October 17, 2025 Inox Wind will set up a wind-blade and tower manufacturing facility in the Kyadigoppa Industrial Area, Kushtagi taluk, Koppal district, Karnataka, with a total investment of Rs 400 crore. The project will be executed in two phases, with Rs 300 crore allocated for the first phase and Rs 100 crore for the second. The Karnataka Industrial Areas Development Board (KIADB) has allocated 70 acres for the facility. The…