Ocean Winds and Brazilian university partner to boost offshore wind capacity
Author: PPD Team Date: October 30, 2024
Author: PPD Team Date: October 30, 2024
Ocean Winds (OW) has signed a memorandum of understanding (MoU) with the Universidade Federal do Rio Grande do Norte (UFRN) to advance offshore wind capabilities in Brazil.
The partnership will leverage OW’s global expertise in offshore wind, with 18.5 GW of total capacity, including 2 GW under construction and 1.5 GW operational, to enhance Brazil’s offshore wind sector.
Since 2020, OW has filed proposals for five offshore wind projects in Brazil, totalling 15 GW across Piauí, Rio Grande do Norte, Rio de Janeiro, and Rio Grande do Sul, as registered with the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA).
The collaboration aims to establish sustainable regulatory frameworks, bolster local supply chain strategies, and enhance community engagement. By combining OW’s industry experience with UFRN’s academic expertise, the partnership seeks to promote economic growth, job creation, and technological advancements.
OW Brazil and South America Business Development Director Rafael Palhares emphasized the importance of a collaborative approach involving academia, industry, and local communities, highlighting OW’s commitment to generating local value and fostering social development through offshore wind initiatives.
Author: PPD Team Date: March 26, 2026 The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has blacklisted a Prayagraj-based rooftop solar vendor empanelled under the PM Surya Ghar Muft Bijli Yojana, signalling tighter enforcement of the flagship solar scheme in the state. The agency barred the firm and forfeited its bank guarantee of Rs 2.5 lakh following complaints of non-compliance with quality standards and deficiencies in executing solar installation works in Prayagraj district….
Author: PPD Team Date: April 8, 2026 Prostarm Info Systems Limited has signed a memorandum of understanding (MoU) with Shenzhen Topband Co. Ltd. to explore collaboration for manufacturing battery energy storage systems (BESS) in India under a semi-knocked down (SKD) model, according to a regulatory filing dated April 7, 2026. The company’s board approved the MoU on April 7, 2026. Under the arrangement, Topband will supply SKD BESS kits along with technology and technical know-how,…
Author: PPD Team Date: January 6, 2025 The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44 billion for capital assets, and Rs 230 million for other expenses. Under FAME-II, launched in 2019 with an outlay of Rs 115 billion, 1.6 million electric vehicles (EVs) have been…
Author: PPD Team Date: September 8, 2025 The Adani Group has announced plans to invest about $60 billion in India’s power sector by FY32, with major allocations across renewable energy, thermal power, and transmission and distribution. In an investor presentation, the group detailed that Adani Green Energy Limited (AGEL) will invest $21 billion by FY30. This will expand its renewable energy capacity from 14.2 gigawatts (GW) in FY25 to 50 GW. Adani Power is set…
Author: PPD Team Date: March 21, 2025 PFC Consulting Limited (PFCCL) transferred Mundra I Transmission Limited, a special purpose vehicle (SPV) to Adani Energy Solutions Limited (AESL) for development of the Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing potential in Mundra area of Gujarat (3 GW) Under Phase-I Part B1 on March 20, 2025. PFCCL had invited Request for Proposal (RFP) bids for the project in October 2024. Competitive bidding process PFCCL,…
Author: PPD Team Date: May 19, 2025 Kalpataru Projects International Limited (KPIL) has reported its highest-ever revenue and profit figures for the quarter and year ended March 31, 2025. In Q4 FY25, consolidated revenue rose 18 per cent year-on-year (YoY), while profit before tax (PBT) jumped 40 per cent YoY. For the full year, KPIL’s consolidated revenue stood at Rs 223.16 billion, up 14 per cent YoY. EBITDA increased 13 per cent YoY to Rs…