Author: PPD Team Date: 13/11/2024
NTPC Vidyut Vyapar Nigam (NVVN) has released a tender for the installation of 7.2 MW of grid-connected rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam.
The bid submission deadline is December 2, 2024.
The project scope covers design, engineering, supply, civil construction, erection, testing, commissioning, and the inclusion of a solar module cleaning system, remote monitoring, and ten years of operation and maintenance.
Author: PPD Team Date: 14/01/2025 The Solar Energy Corporation of India (SECI) has reached a significant milestone, surpassing 73 GW in cumulative awarded capacity for renewable energy projects as of December 31, 2024. SECI received an ‘Excellent’ rating for its performance under the memorandum of understanding (MoU) with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, scoring 96 out of 100. The organization has also been awarded ‘Navratna’ status by…
Author: PPD Team Date: 02/01/2025 Growth in the output of India’s eight key infrastructure industries, collectively known as the core sector, rose to 4.3% year-on-year (Y-o-Y) in November, marking a four-month high from the revised figure of 3.7% in October. This recovery follows a contraction of -1.6% in August, the first in 42 months. In November 2023, growth was recorded at 7.9%. According to the data released by the Ministry of Commerce and Industry, the…
Author: PPD Team Date: 10/02/2025 Torrent Power has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company reported a 31% year-on-year increase in profit after tax (PAT), reaching Rs 4.89 billion. The growth in PAT was largely driven by increased power demand during colder weather conditions and a one-time gain of Rs 770 million from cable sales, which contributed to a rise in other income. The company’s…
Author: PPD Team Date: 12/11/2024 Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company. The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP…
Author: PPD Team Date: 05/12/2024 Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector. The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000 solar installations,…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…
Author: PPD Team Date: 14/01/2025 The Solar Energy Corporation of India (SECI) has reached a significant milestone, surpassing 73 GW in cumulative awarded capacity for renewable energy projects as of December 31, 2024. SECI received an ‘Excellent’ rating for its performance under the memorandum of understanding (MoU) with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, scoring 96 out of 100. The organization has also been awarded ‘Navratna’ status by…
Author: PPD Team Date: 02/01/2025 Growth in the output of India’s eight key infrastructure industries, collectively known as the core sector, rose to 4.3% year-on-year (Y-o-Y) in November, marking a four-month high from the revised figure of 3.7% in October. This recovery follows a contraction of -1.6% in August, the first in 42 months. In November 2023, growth was recorded at 7.9%. According to the data released by the Ministry of Commerce and Industry, the…
Author: PPD Team Date: 10/02/2025 Torrent Power has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company reported a 31% year-on-year increase in profit after tax (PAT), reaching Rs 4.89 billion. The growth in PAT was largely driven by increased power demand during colder weather conditions and a one-time gain of Rs 770 million from cable sales, which contributed to a rise in other income. The company’s…
Author: PPD Team Date: 12/11/2024 Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company. The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP…
Author: PPD Team Date: 05/12/2024 Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector. The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000 solar installations,…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…
Author: PPD Team Date: 14/01/2025 The Solar Energy Corporation of India (SECI) has reached a significant milestone, surpassing 73 GW in cumulative awarded capacity for renewable energy projects as of December 31, 2024. SECI received an ‘Excellent’ rating for its performance under the memorandum of understanding (MoU) with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, scoring 96 out of 100. The organization has also been awarded ‘Navratna’ status by…
Author: PPD Team Date: 02/01/2025 Growth in the output of India’s eight key infrastructure industries, collectively known as the core sector, rose to 4.3% year-on-year (Y-o-Y) in November, marking a four-month high from the revised figure of 3.7% in October. This recovery follows a contraction of -1.6% in August, the first in 42 months. In November 2023, growth was recorded at 7.9%. According to the data released by the Ministry of Commerce and Industry, the…