NTPC Green and MAHAPREIT form JV for 10 GW renewable energy projects
Author: PPD Team Date: September 27, 2024
Author: PPD Team Date: September 27, 2024
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states.
The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.
Author: PPD Team Date: October 22, 2025 Avaada Electro, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has filed confidential documents with the Securities and Exchange Board of India (SEBI) to raise between Rs 90–100 billion through an initial public offering (IPO). The proposed IPO is expected to include both fresh equity issuance and an offer for sale by existing shareholders. According to market sources, the company is targeting a valuation in the range…
Author: PPD Team Date: June 10, 2025 JSW Renew Energy Three Limited, a step-down subsidiary of JSW Energy Limited (JSWEL), signed a 25-year power purchase agreement (PPA) with Adani Electricity Mumbai Limited (AEML) on June 5, 2025. The agreement covers a 250 MW State Transmission Utility (STU)-connected wind power project to be developed in Barshi, Maharashtra. The PPA stems from a bidding process held in March 2024. At the time, bids were invited for 650…
Author: PPD Team Date: January 13, 2026 The Ministry of New and Renewable Energy (MNRE) has issued an order granting time extensions to renewable energy projects delayed due to the Supreme Court case related to the Great Indian Bustard (GIB). The relief applies to projects located in Rajasthan and Gujarat that were affected by delays in securing statutory approvals for overhead power lines. The order, dated January 12, 2026, has been addressed to key Renewable…
Author: PPD Team Date: December 24, 2024 Iberdrola has finalized a €100m ($103m) green loan agreement with the European Investment Bank (EIB), guaranteed by SACE under the Archimede scheme, to construct a new photovoltaic plant in Sicily, Italy. This marks the first collaboration between the EIB and Iberdrola backed by SACE. The plant, expected to be operational by 2025, will have a capacity of 242.78MWp, producing 400GWh annually—enough to meet the energy needs of approximately…
Author: PPD Team Date: May 13, 2025 Venus Pipes & Tubes Limited received a Letter of Intent (LoI) worth Rs 1,900 million on May 8, 2025, for the supply of stainless steel seamless boiler tubes. These will be used in a series of supercritical and subcritical thermal power projects. The execution period for the project is estimated to be 12 to 15 months. Venus Pipes is an Indian manufacturer and exporter of stainless steel pipes…
Author: PPD Team Date: September 19, 2025 The Yamuna Expressway Industrial Development Authority (Yeida) has announced that the RP-Sanjiv Goenka Group will develop a renewable energy project in Sector 8B near Noida International Airport, with a planned investment of Rs 3,000 crore. The project will include a 3 GW solar cell facility and an integrated solar ecosystem hub. The plan includes a 60 MW captive solar and energy storage plant. Advanced solar technologies such as…