Author: PPD Team Date: 04/12/2024
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Author: PPD Team Date: 20/12/2024 India’s renewable energy sector is facing significant delays in securing power purchase agreements (PPAs), which are affecting around 40-45 GW of projects out of a total 80-90 GW in the pipeline. Experts note that distribution companies (discoms) are prioritizing projects with higher capacity utilization factors, contributing to the backlog in PPA signings. The gap between project awards and PPA finalizations currently spans eight to nine months, impacting project execution timelines….
MNRE revises program to electrify 100,000 PVTG households with off-grid solar
Author: PPD Team Date: 28/10/2024 The Ministry of New and Renewable Energy (MNRE) has revised its program to electrify 100,000 households in particularly vulnerable tribal group (PVTG) areas through off-grid solar systems. The initiative, implemented under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) and Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PM JUGA), now has an additional budget allocation of Rs 9.15 billion. The revised program includes providing off-grid solar lighting for 1,500 multi-purpose…
PFCCL signs MoU with CEA to collaborate on power sector projects
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TD Power Systems wins Rs 570 million order from NPCIL
Author: PPD Team Date: 22/01/2025 TD Power Systems (TDPS) has secured an order worth Rs 570 million from the Nuclear Power Corporation of India (NPCIL). The order involves supplying advanced low-speed induction motors to replace high-speed imported motors with reduced gearboxes. These motors, featuring titanium tube heat exchangers, are designed to meet stringent weight and seismic requirements. They will be installed at NPCIL’s Kudankulam nuclear power plant, and delivery and commissioning are planned for 2025-27.
SJVN awards 648 MW RW projects under Tranche-II and III auctions
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Maxeon Solar to divest non-US assets, focus on US market expansion
Author: PPD Team Date: 28/11/2024 Singapore-based Maxeon Solar Technologies has announced plans to divest its non-US assets, concentrating exclusively on the US market to drive growth and profitability. Maxeon will lease a facility in Albuquerque, New Mexico, for solar panel production, targeting a 2 GW capacity by early 2026. The divestment includes its sales, marketing, and manufacturing operations in Europe, the Middle East, Africa, Asia-Pacific, and Latin America, which will be acquired by TCL Group,…