Author: PPD Team Date: 27/11/2024
Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025.
This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs.
The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.
Author: PPD Team Date: 04/12/2024 North Eastern Electric Power Corporation Limited (NEEPCO) has invited bids for the engineering, procurement, and construction (EPC) package for the 240 MW Heo Hydro Electric Project in Arunachal Pradesh. The turnkey execution project, announced on November 27, 2024, has a bid submission deadline of February 25, 2025. The project, estimated to cost Rs 10.61 billion, is expected to be completed in 1,170 days.
Author: PPD Team Date: 03/01/2025 Indian Railway Finance Corporation (IRFC) has signed a memorandum of understanding (MoU) with the Renewable Energy Management Centre (REMC) to finance renewable energy projects supplying power to Indian Railways. The partnership aims to support renewable energy initiatives and explore financing options for thermal, nuclear, and renewable projects under a captive model. REMC will utilise its expertise to procure cost-effective energy and conduct bids for renewable energy projects aligned with the…
Author: PPD Team Date: 09/12/2024 Denmark’s largest offshore wind farm tender, launched in April 2024, received no bids, marking a setback for the global offshore wind industry. The tender offered six sites with a combined capacity of up to 10GW, including three in the North Sea and three in the Baltic and Kattegat. The Danish Energy Agency plans to engage with market participants to understand the reasons behind the lack of interest, especially considering the…
Author: PPD Team Date: 21/10/2024 Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu visited the historic 110 MW Shanan Power House in Mandi district, emphasizing the need for its control to be transferred to the Himachal Pradesh government following the expiration of the lease period. Although the power house is currently operated by the Punjab government, Sukhu mentioned that discussions are ongoing regarding its handover. He noted that the Shanan project, built over a century ago,…
Author: PPD Team Date: 17/02/2025 Iberdrola announced that construction of the Eastern Green Link 1, a subsea electricity superhighway, has officially started. The £2.5 billion project is a joint venture between SP Energy Networks and National Grid Electricity Transmission. It will transport renewable energy to power two million homes through over 190 km of undersea cables connecting Scotland and England. The project, approved by Ofgem last year, has now begun onshore construction, with offshore works…
Author: PPD Team Date: 05/11/2024 Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited. This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.