Author: PPD Team Date: 23/01/2025
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited through NTPC Green Energy Limited, has commenced commercial operation of the second part capacity of its 200 MW Sadla Solar PV Project in Gujarat.
The additional 25 MW capacity became operational on January 17, 2025. Earlier, the first part capacity of 37.5 MW was commissioned on December 21, 2024.
Author: PPD Team Date: 06/11/2024 Primergy Solar has secured $225 million in project financing for its Valley of Fire (VoF) renewable energy portfolio across Nevada, Colorado, and Arizona. This financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank to support additional VoF developments. The VoF portfolio comprises the recently commissioned Gemini Solar + Storage project and five other ventures, collectively…
Author: PPD Team Date: 15/05/2025 GP Eco Solutions India Limited has secured a Letter of Intent (LoI) worth Rs 655.2 million from Synergy Wave System LLP. The order is for engineering, procurement, and construction (EPC) works for setting up 12.6 MW/16.38 MWp grid-connected solar power plants under the RESCO (Renewable Energy Service Company) model in Bareilly, Uttar Pradesh. The LoI was issued on May 13, 2025, under Component C of the PM-KUSUM (Pradhan Mantri Kisan…
Author: PPD Team Date: 27/09/2024 Ramalingam Construction has been declared the lowest (L1) bidder for the development of distribution infrastructure in the Kozhikode and Palakkad districts of Kerala. The turnkey contract, awarded by Kerala State Electricity Board (KSEB), falls under the Northern Region Package-I as part of the revamped reforms-based and results-linked distribution sector scheme. The bid value for the project is Rs 2.14 billion.
Author: PPD Team Date: 17/01/2025 China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to 529 billion yuan ($72 billion) in the first 11 months of 2023, marking a shift towards grid infrastructure, as reported by Bloomberg. Investment in new power capacity was larger at 866.5 billion yuan, showing a 12% increase. This marks the…
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Author: PPD Team Date: 21/09/2024 ArcelorMittal Nippon Steel (AM/NS) India has launched a value-added steel line, Magnelis, with an investment of nearly Rs 10 billion at its Hazira plant in Gujarat. The production line, with a capacity of 500,000 tonnes per annum, is aimed at solar panel manufacturers. The company is in talks with major customers like Adani Green Energy, Reliance Industries, Sterling & Wilson, and NTPC. AM/NS is also planning a new steel line…
Author: PPD Team Date: 06/11/2024 Primergy Solar has secured $225 million in project financing for its Valley of Fire (VoF) renewable energy portfolio across Nevada, Colorado, and Arizona. This financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank to support additional VoF developments. The VoF portfolio comprises the recently commissioned Gemini Solar + Storage project and five other ventures, collectively…
Author: PPD Team Date: 15/05/2025 GP Eco Solutions India Limited has secured a Letter of Intent (LoI) worth Rs 655.2 million from Synergy Wave System LLP. The order is for engineering, procurement, and construction (EPC) works for setting up 12.6 MW/16.38 MWp grid-connected solar power plants under the RESCO (Renewable Energy Service Company) model in Bareilly, Uttar Pradesh. The LoI was issued on May 13, 2025, under Component C of the PM-KUSUM (Pradhan Mantri Kisan…
Author: PPD Team Date: 27/09/2024 Ramalingam Construction has been declared the lowest (L1) bidder for the development of distribution infrastructure in the Kozhikode and Palakkad districts of Kerala. The turnkey contract, awarded by Kerala State Electricity Board (KSEB), falls under the Northern Region Package-I as part of the revamped reforms-based and results-linked distribution sector scheme. The bid value for the project is Rs 2.14 billion.
Author: PPD Team Date: 17/01/2025 China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to 529 billion yuan ($72 billion) in the first 11 months of 2023, marking a shift towards grid infrastructure, as reported by Bloomberg. Investment in new power capacity was larger at 866.5 billion yuan, showing a 12% increase. This marks the…
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Author: PPD Team Date: 21/09/2024 ArcelorMittal Nippon Steel (AM/NS) India has launched a value-added steel line, Magnelis, with an investment of nearly Rs 10 billion at its Hazira plant in Gujarat. The production line, with a capacity of 500,000 tonnes per annum, is aimed at solar panel manufacturers. The company is in talks with major customers like Adani Green Energy, Reliance Industries, Sterling & Wilson, and NTPC. AM/NS is also planning a new steel line…
Author: PPD Team Date: 06/11/2024 Primergy Solar has secured $225 million in project financing for its Valley of Fire (VoF) renewable energy portfolio across Nevada, Colorado, and Arizona. This financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank to support additional VoF developments. The VoF portfolio comprises the recently commissioned Gemini Solar + Storage project and five other ventures, collectively…
Author: PPD Team Date: 15/05/2025 GP Eco Solutions India Limited has secured a Letter of Intent (LoI) worth Rs 655.2 million from Synergy Wave System LLP. The order is for engineering, procurement, and construction (EPC) works for setting up 12.6 MW/16.38 MWp grid-connected solar power plants under the RESCO (Renewable Energy Service Company) model in Bareilly, Uttar Pradesh. The LoI was issued on May 13, 2025, under Component C of the PM-KUSUM (Pradhan Mantri Kisan…