Author: PPD Team Date: 22/10/2024
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Author: PPD Team Date: 27/02/2025 The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received registration from the International Financial Services Centre Authority to operate as a finance company at GIFT City, Gujarat. This will enable foreign currency lending while mitigating…
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India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments
Author: PPD Team Date: 06/11/2024 In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW. Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total electricity generation capacity reached 452.69 GW. Rajasthan, Gujarat, Tamil Nadu, and Karnataka led in renewable installations. Key tenders included NHPC’s 1,200 MW solar and SECI’s 1,200 MW round-the-clock renewables. NTPC launched a 1,200…
EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
Author: PPD Team Date: 29/11/2024 The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power stations, upgrades to existing facilities for hybrid operation, and battery storage investments. The initiative is…
NTPC commissions second part of solar projects in Rajasthan and Madhya Pradesh
Author: PPD Team Date: 16/01/2025 NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has declared the commercial operation of the second part capacities of two solar projects. The 60 MW capacity from the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan, became operational on January 7, 2025, following the earlier commissioning of 160 MW on August 28, 2024. Meanwhile, the 50 MW capacity from the 220 MW Shajapur Solar Project (Unit-II) in…
Vestas secures 134 MW wind turbine orders in Europe
Author: PPD Team Date: 03/01/2025 Vestas has announced new contracts totalling 134MW for wind turbine projects in Europe as part of its Q4 2024 order intake. In Italy, Vestas received a 26MW order from Alerion San Marco for the Valico Casone Cocca project. It will feature three V150-6.0 MW and two V117-4.2 MW turbines, with a ten-year Active Output Management (AOM) 4000 service agreement. Delivery is planned for Q4 2025, with commissioning in Q1 2026….
IREDA to raise Rs 50 billion via QIP
Author: PPD Team Date: 27/02/2025 The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received registration from the International Financial Services Centre Authority to operate as a finance company at GIFT City, Gujarat. This will enable foreign currency lending while mitigating…