Author: PPD Team Date: 26/11/2024
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL).
The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.
Author: PPD Team Date: 06/11/2024 The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore…
Author: PPD Team Date: 14/04/2025 Nine interstate transmission system (ISTS) schemes awarded through tariff-based competitive bidding (TBCB) were fully commissioned during FY25. Together, these projects represent around Rs 8.8 billion in annual transmission charges and involved a combined capital outlay of Rs 88 billion. Of the nine schemes, Power Grid Corporation of India Ltd (PGCIL) developed five. Resonia (formerly Sterlite Power) commissioned two, while ReNew Transmission Ventures and Adani Energy Solutions Ltd (AESL) executed one…
Author: PPD Team Date: 30/10/2024 DTE Energy has commenced operations at its 150 MW Sauk Solar Park in Branch County, Michigan. The facility, containing 347,000 solar panels, can provide clean energy to approximately 40,000 homes, making it DTE’s largest solar installation, surpassing its second-largest solar park in Lapeer by over threefold. Sauk Solar is the first of six planned solar parks as part of DTE’s expansion of renewable projects through its CleanVision MIGreenPower program, supported…
Author: PPD Team Date: 30/10/2024 Juniper Green Energy, Jakson Green, and RIH Renewables (EDF Renewables) have won Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 200 MW of grid-connected wind power projects in India under Phase VIII. Originally launched in July 2024 for 500 MW, GUVNL later reduced the auction capacity to 200 MW. Juniper Green secured 50 MW at a tariff of Rs 3.56 per kWh, RIH Renewables won 40 MW at Rs…
Author: PPD Team Date: 21/03/2025 Damodar Valley Corporation (DVC) has announced the DVC Command Area Power Supply Modernization Project to ensure round-the-clock (RTC) quality power and reduce aggregate technical and commercial (AT&C) losses. The project, with an estimated cost of Rs 15 billion, is expected to be completed in 18 months. Covering 24,235 sq km in West Bengal and Jharkhand, the project upgrades DVC’s distribution network with a distribution management system (DMS), outage management system…
Author: PPD Team Date: 23/12/2024 Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs). The initiative will focus on financing EVs, battery charging stations, renewable energy products, energy-efficient machinery, and other green energy solutions. Shriram Green Finance aims to achieve an Asset Under Management (AUM) of Rs 50 billion within 3 to 4 years by securing domestic and global funds for green investments. Leveraging its…
Author: PPD Team Date: 06/11/2024 The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore…
Author: PPD Team Date: 14/04/2025 Nine interstate transmission system (ISTS) schemes awarded through tariff-based competitive bidding (TBCB) were fully commissioned during FY25. Together, these projects represent around Rs 8.8 billion in annual transmission charges and involved a combined capital outlay of Rs 88 billion. Of the nine schemes, Power Grid Corporation of India Ltd (PGCIL) developed five. Resonia (formerly Sterlite Power) commissioned two, while ReNew Transmission Ventures and Adani Energy Solutions Ltd (AESL) executed one…
Author: PPD Team Date: 30/10/2024 DTE Energy has commenced operations at its 150 MW Sauk Solar Park in Branch County, Michigan. The facility, containing 347,000 solar panels, can provide clean energy to approximately 40,000 homes, making it DTE’s largest solar installation, surpassing its second-largest solar park in Lapeer by over threefold. Sauk Solar is the first of six planned solar parks as part of DTE’s expansion of renewable projects through its CleanVision MIGreenPower program, supported…
Author: PPD Team Date: 30/10/2024 Juniper Green Energy, Jakson Green, and RIH Renewables (EDF Renewables) have won Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 200 MW of grid-connected wind power projects in India under Phase VIII. Originally launched in July 2024 for 500 MW, GUVNL later reduced the auction capacity to 200 MW. Juniper Green secured 50 MW at a tariff of Rs 3.56 per kWh, RIH Renewables won 40 MW at Rs…
Author: PPD Team Date: 21/03/2025 Damodar Valley Corporation (DVC) has announced the DVC Command Area Power Supply Modernization Project to ensure round-the-clock (RTC) quality power and reduce aggregate technical and commercial (AT&C) losses. The project, with an estimated cost of Rs 15 billion, is expected to be completed in 18 months. Covering 24,235 sq km in West Bengal and Jharkhand, the project upgrades DVC’s distribution network with a distribution management system (DMS), outage management system…
Author: PPD Team Date: 23/12/2024 Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs). The initiative will focus on financing EVs, battery charging stations, renewable energy products, energy-efficient machinery, and other green energy solutions. Shriram Green Finance aims to achieve an Asset Under Management (AUM) of Rs 50 billion within 3 to 4 years by securing domestic and global funds for green investments. Leveraging its…
Author: PPD Team Date: 06/11/2024 The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore…
Author: PPD Team Date: 14/04/2025 Nine interstate transmission system (ISTS) schemes awarded through tariff-based competitive bidding (TBCB) were fully commissioned during FY25. Together, these projects represent around Rs 8.8 billion in annual transmission charges and involved a combined capital outlay of Rs 88 billion. Of the nine schemes, Power Grid Corporation of India Ltd (PGCIL) developed five. Resonia (formerly Sterlite Power) commissioned two, while ReNew Transmission Ventures and Adani Energy Solutions Ltd (AESL) executed one…