MSEDCL awards 5 GW solar power contract to Adani Power
Author: PPD Team Date: 19/09/2024
Author: PPD Team Date: 19/09/2024
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 to provide solar energy from the world’s largest renewable energy park in Khavda, Kutch, Gujarat. Additionally, APL will sign a long-term PSA for the supply of 1,496 MW of thermal power from a 1,600 MW Ultra-supercritical thermal power plant in Maharashtra.
Author: PPD Team Date: 07/03/2025 Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028. The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions. The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities…
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…
Author: PPD Team Date: 03/01/2025 CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing sustainability and supporting green energy adoption. CRI Pumps has already installed over 1,70,000 solar and…
Author: PPD Team Date: 26/11/2024 Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion. For the financial year ending September 30, 2024, the company reported a 14% revenue increase to Rs 202.5 billion and a 39% rise in profit after tax to Rs 26.65 billion….
Author: PPD Team Date: 30/05/2025 The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines for series approval of solar photovoltaic (SPV) modules under the Solar Systems, Devices and Components Goods Order, 2025. The rules aim to help labs and manufacturers group similar products for testing and certification. The draft defines how to form a product family based on shared design, construction, and components. It allows testing of modules from different power classes…
Author: PPD Team Date: 29/10/2024 Senvion India, the country’s fifth-largest wind turbine manufacturer, has announced plans to expand its manufacturing capacity to 2 GW by 2026. To support this growth, the company will invest over USD 100 million in research and development (R&D) and supply chain advancements over the next two years, focusing on launching new technologies. In September, Senvion India introduced a 4.2 MW wind turbine model, its first four MW turbine, developed in…
Author: PPD Team Date: 07/03/2025 Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028. The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions. The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities…
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…
Author: PPD Team Date: 03/01/2025 CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing sustainability and supporting green energy adoption. CRI Pumps has already installed over 1,70,000 solar and…
Author: PPD Team Date: 26/11/2024 Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion. For the financial year ending September 30, 2024, the company reported a 14% revenue increase to Rs 202.5 billion and a 39% rise in profit after tax to Rs 26.65 billion….
Author: PPD Team Date: 30/05/2025 The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines for series approval of solar photovoltaic (SPV) modules under the Solar Systems, Devices and Components Goods Order, 2025. The rules aim to help labs and manufacturers group similar products for testing and certification. The draft defines how to form a product family based on shared design, construction, and components. It allows testing of modules from different power classes…
Author: PPD Team Date: 29/10/2024 Senvion India, the country’s fifth-largest wind turbine manufacturer, has announced plans to expand its manufacturing capacity to 2 GW by 2026. To support this growth, the company will invest over USD 100 million in research and development (R&D) and supply chain advancements over the next two years, focusing on launching new technologies. In September, Senvion India introduced a 4.2 MW wind turbine model, its first four MW turbine, developed in…
Author: PPD Team Date: 07/03/2025 Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028. The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions. The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities…
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…