Nextracker to supply solar trackers for ReNew’s 305 MW project in Andhra Pradesh
Author: PPD Team Date: May 29, 2025
Author: PPD Team Date: May 29, 2025
Nextracker has signed an agreement with ReNew Power Ventures Private Limited to supply solar trackers for a 305 MW solar project in Anantapur, Andhra Pradesh.
The project is part of ReNew Power’s larger 2,800 MWp wind-solar hybrid development, which includes 1,800 MWp of solar, 1,000 MW of wind, and a 2,000 MWh Battery Energy Storage System (BESS). The entire project also involves building a 100 km extra high voltage (EHV) transmission line.
ReNew Power is developing the hybrid system on 2,300 acres of land in Bettapalli, Guthi mandal, in Anantapur district. The total expected investment for the project is Rs 220 billion.
Author: PPD Team Date: June 5, 2025 The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam. The withdrawal comes in response to local protests over the project’s development. ADB had initially approved the loan in October 2024. The project is being implemented by Assam Power Development Company Limited (APDCL) under the “Mukhya Mantri Sauro…
Author: PPD Team Date: October 13, 2025 The Australian federal government has announced the results of Tender 4 under its Capacity Investment Scheme, selecting 20 renewable and storage projects with a total capacity of 6.6 gigawatts. The outcome exceeds the tender’s original 6-gigawatt target and marks another step toward Australia’s goal of sourcing 82% of its electricity from renewables by 2030. Twelve of the awarded projects are hybrid developments that combine battery storage with solar…
Author: PPD Team Date: November 4, 2025 Power Grid Corporation of India Ltd (PGCIL) reported a net profit of Rs 3,566 crore for the quarter, down 6% from Rs 3,793 crore in the same period last year. Revenue rose 1.8% to Rs 11,476 crore from Rs 11,277 crore, while EBITDA declined 6.1% to Rs 9,114 crore. EBITDA margin fell to 79.4% from 86% a year ago. GE Vernova T&D posted a net profit of Rs…
Author: PPD Team Date: December 26, 2025 NTPC Limited informed that it has declared 13 MW from its Solapur Solar PV Project on commercial operation with effect from December 25, 2025, as per the filing dated December 24, 2025. With this addition, NTPC Limited’s total installed and commercial capacity on a standalone basis has reached 60,796 MW. On a group basis, the installed and commercial capacity now stands at 85,623 MW. In a separate disclosure,…
Author: PPD Team Date: December 19, 2024 Alternus Clean Energy has finalized the acquisition of LiiON, LLC through an asset purchase agreement executed by one of its US subsidiaries. The $5 million deal combines debt and equity, granting Alternus LiiON’s customer contracts, service agreements, and partnerships. As part of the agreement, LiiON will provide an exclusive license to its intellectual property. The total consideration includes a $2 million non-convertible loan note, payable over three years,…
Author: PPD Team Date: January 22, 2026 Noida is now home to India’s largest dedicated battery energy storage system (BESS) production plant, following the commissioning of GoodEnough Energy’s new 7 GWh capacity gigafactory. The facility represents a capital investment of more than Rs 450 crore and is immediately operational. This initial capacity is part of a broader growth plan, with the company targeting an expansion to over 25 GWh of annual production within a three-year…