Author: PPD Team Date: 26/11/2024
Similar Posts
ABO Energy sells South African BESS projects to EDF
Author: PPD Team Date: 02/12/2024 ABO Energy has sold the rights to two battery energy storage systems (BESS) in South Africa to French utility Électricité de France (EDF) after advancing them to ready-to-build status. EDF secured preferred bidder status for both projects on November 30, 2023, under South Africa’s first Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). The projects, located in the Northern Cape and North West provinces near Aggeneys and Vryburg, are…
Saatvik Green Energy to supply solar pumps for Maharashtra irrigation
Author: PPD Team Date: 19/11/2024 Saatvik Green Energy Private Limited has secured a supply order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to provide solar-powered submersible pumps at 250 locations across Maharashtra. The pumps, ranging from 3 horsepower (HP) to 7.5 HP, aim to enhance water accessibility and support irrigation needs, contributing to sustainable agricultural practices in the region.
Continuum Green Energy files DRHP to raise Rs 36.5 billion through IPO
Author: PPD Team Date: 11/12/2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue will primarily…
Trom Industries secures Rs 330 mn solar projects from Gujarat Metro Rail and Corona Remedies
Author: PPD Team Date: 04/11/2024 Solar EPC firm Trom Industries Ltd has announced solar project contracts valued at Rs 330 million from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Trom Industries secured a Rs 207 million work order from GMRC to install and maintain a 5MW grid-connected rooftop solar system across 15 metro stations in Ahmedabad for five years. Project supply will commence this year in phases. Additionally, Trom Industries received a Rs 124…
Andhra Pradesh approves renewable projects worth Rs 27.23 billion
Author: PPD Team Date: 06/01/2025 The Andhra Pradesh government has approved renewable energy projects totalling Rs 27.23 billion. Key initiatives include a 1 million tonne per annum green ammonia facility in Kakinada by AM Green Ammonia (India) Private Limited, to promote eco-friendly fuel production. Additionally, a solar hybrid and battery storage project in Nandyal and Kadapa districts has been approved. Developed by Clean Renewable Energy Hybrid Three Way Limited, it will combine 119 MW wind…
ACME Solar secures Rs 19.88 billion financing from PFC
Author: PPD Team Date: 26/12/2024 ACME Solar has secured Rs 19.88 billion in term finance from Power Finance Corporation Ltd (PFC) for the development of a 300-MW wind-solar hybrid renewable energy project. ACME Renewtech Pvt Ltd, a subsidiary of ACME Solar Holdings Ltd, will utilize Rs 1.99 billion in financing for the project’s construction. The solar capacity will be developed in Bikaner, Rajasthan, while wind sites will be in Bhuj, Gujarat. The project already has…