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DCM Shriram invests Rs 571.2 million in hybrid renewable power project

Author: Power Peak Digest Team Pub Date: December 11, 2024 JSW Renew Energy Thirty Two Limited, a subsidiary of JSW Energy Limited (JSWEL), has signed a definitive agreement with DCM Shriram Limited to establish a 68 MW wind-solar hybrid power...

Fujiyama Power to invest Rs 6.5 billion in solar manufacturing in MP

Author: Power Peak Digest Team Pub Date: December 11, 2024 Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility.  The Delhi-based company...

Airox Nigen launches 600 MW solar module line in Haryana

Author: Power Peak Digest Team Pub Date: December 11, 2024 Airox Nigen has established a 600 MW solar module manufacturing line in Rohnat, Haryana, as part of its larger 2 GW renewable energy project.  According to the company, the facility, located...

Hitachi Energy launches Nostradamus AI for advanced energy forecasting

Author: Power Peak Digest Team Pub Date: December 11, 2024 Hitachi Energy has introduced Nostradamus AI, a cutting-edge artificial intelligence (AI)-powered energy forecasting solution.  The solution leverages over 30 years of energy market data to...

AM Green Ammonia signs PPA with Gentari for 650 MW RTC green power

Author: Power Peak Digest Team Pub Date: December 11, 2024 AM Green Ammonia India has entered into a binding power purchase agreement (PPA) with Gentari through its subsidiary, Gentari Renewables India Castor One.  Under this long-term agreement...

MNRE includes solar PV cells in ALMM framework

Author: Power Peak Digest Team Pub Date: December 11, 2024 The Ministry of New and Renewable Energy (MNRE) has announced the inclusion of solar PV cells in a newly introduced List-II under the Approved List of Models and Manufacturers (ALMM), set to...

Waaree Energies secures 1 GW solar PV module supply order

Author: Power Peak Digest Team Pub Date: December 10, 2024 Waaree Energies Limited has secured a 1 GW solar photovoltaic (PV) modules supply order from an Indian renewable energy company.  The customer is engaged in owning, developing, and operating...

Solar91 Cleantech secures BSE approval for Rs 1 billion SME IPO

Author: Power Peak Digest Team Pub Date: December 10, 2024 Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO). The IPO will involve the issuance of up...

Premier Energies to invest Rs 52.92 billion in Telangana solar manufacturing facilities

Author: Power Peak Digest Team Pub Date: December 10, 2024 Premier Energies Limited plans to invest Rs 52.92 billion in manufacturing facilities for solar cells, modules, ingots, silicon wafers, and aluminium extrusions in Telangana. The initiative...

PFCCL incorporates SPV for North-Eastern Region transmission project

Author: Power Peak Digest Team Pub Date: December 10, 2024 PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited.  The...

UPPCL resolves legal challenges to privatise two DISCOMs

Author: Power Peak Digest Team Pub Date: December 10, 2024 The Uttar Pradesh Power Corporation Limited (UPPCL) has overcome legal hurdles in its bid to privatise Dakshinanchal and Purvanchal DISCOMs under the Public-Private Partnership (PPP) model. ...

NTPC achieves fastest ever 300 BU generation milestone

Author: Power Peak Digest Team Pub Date: December 10, 2024 NTPC Group reached a significant milestone by achieving 300 billion units (BU) of power generation on December 8, 2024, in FY 2024-25, marking the fastest-ever achievement in just 252 days. ...

Kerala announces electricity tariff hike of 16 paise per unit

Author: Power Peak Digest Team Pub Date: December 10, 2024 The Kerala government has announced a 16 paise per unit increase in electricity tariffs for the 2024-25 financial year, effective from December 5, 2024.  An additional hike of 12 paise per...

Tata Power to invest Rs 1.46 trillion to double capacity by 2030

Author: Power Peak Digest Team Pub Date: December 10, 2024 Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha.  As of FY24, the company’s installed...

India leads in clean-tech funding, surpassing China in Q3 2024

Author: Power Peak Digest Team Pub Date: December 10, 2024 India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total.  This marks the...

JSW Neo Energy wins 400 MW solar power project from NTPC

Author: Power Peak Digest Team Pub Date: December 9, 2024 JSW Energy’s wholly owned subsidiary, JSW Neo Energy, has received a letter of award (LoA) from NTPC for the development of a 400 MW ISTS-connected solar power project.  This award is...

Kalpataru Projects secures Rs 2.17 billion orders

Author: Power Peak Digest Team Pub Date: December 9, 2024 Kalpataru Projects International, along with its international subsidiaries, has secured new orders worth Rs 2.17 billion in India and overseas.  The contracts include the design and...

Gautam Solar files patent for AI-based system to detect defects in solar panels

Author: Power Peak Digest Team Pub Date: December 9, 2024 Gautam Solar has filed a patent for its innovative Artificial Intelligence (AI)-based system designed to detect defects in solar panels.  This system integrates advanced imaging and AI...

ReNew commissions 750 MW of 1 GW solar project in Rajasthan

Author: Power Peak Digest Team Pub Date: December 9, 2024 ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan, with the remaining 225 MW set to become operational by January 2025.  The project, developed in partnership with the Solar...

India imposes anti-dumping duty on solar glass imports from China and Vietnam

Author: Power Peak Digest Team Pub Date: December 9, 2024 India’s Ministry of Finance has imposed an anti-dumping duty on solar glass imports from China and Vietnam to protect the domestic solar glass industry from unfair pricing.  The duty on...

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