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Author: PPD Team Date: 25/07/2025 BNC Power Projects Limited has secured a Rs 4.29 billion engineering, procurement and construction (EPC) contract from Rajasthan Solarpark Development Company Limited. The contract is for infrastructure development at the upcoming 2,450 MW solar park in Pugal, Bikaner. The scope of work includes setting up a 400/132 kV air-insulated substation (AIS) with four 315 MVA transformers. BNC will also construct two 132/33 kV AIS substations with twelve 100 MVA transformers....

Author: PPD Team Date: 25/07/2025 YamnaCo Limited has signed a memorandum of understanding with the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to explore a green hydrogen and ammonia project near Krishnapatnam port. The proposed project will be developed in phases and aims to build a grid-connected green ammonia facility with a capacity of up to 1 million tonnes per annum. It will use renewable energy from the Indian grid and involve...

Author: PPD Team Date: 25/07/2025 Navitas Solar has received an investment of Rs 404.8 million from Parishi Capital to expand its solar module manufacturing facility in Ahmedabad, Gujarat. The funding was completed in two tranches, with the first round raised in 2023. The investment will support capacity expansion from 1.7 gigawatts (GW) to 2.5 GW. A third round of funding is planned to help the company set up a 3 GW solar cell manufacturing plant...

Author: PPD Team Date: 25/07/2025 Juniper Green Energy Limited has commissioned the remaining 43 megawatt peak (MWp) of solar capacity at its hybrid project site in Karanja, Maharashtra. With this, the company has completed the 103 MWp solar component of its 129 MWp hybrid power project. The solar capacity was commissioned in two phases: 59.55 MWp in June 2025 and 43 MWp in July 2025. The entire solar component was completed nearly 16 months ahead...

Author: PPD Team Date: 25/07/2025 Exide Industries has approved an additional equity investment of Rs 1 billion in Exide Energy Solutions Limited (EESL). This brings its total investment in the wholly owned subsidiary to Rs 37.0223 billion. The new capital will fund the development of EESL’s greenfield lithium-ion cell manufacturing facility in Bengaluru. The first phase of the plant, with four production lines and a capacity of 6 gigawatt-hours (GWh), is scheduled to begin commercial...

Author: PPD Team Date: 24/07/2025 Iberdrola has completed a €5 billion (USD 5.8 billion) capital raise to support its electricity grid investments in the United States and the United Kingdom. The company issued 331 million new shares through an accelerated bookbuilding process, with the offering 3.8 times oversubscribed. Shares were priced at €15.15 each. This marks Spain’s largest accelerated bookbuild since Banco Santander’s €7.5 billion raise in 2015. The funds will support a €55 billion...

Author: PPD Team Date: 24/07/2025 The Ministry of New and Renewable Energy (MNRE) has amended operational guidelines for two components of the PM-Surya Ghar: Muft Bijli Yojana—Incentives for Local Bodies and Model Solar Village. The changes, issued through official memoranda dated July 22, 2025, and July 18, 2024, aim to address implementation gaps and clarify eligibility. Incentives for Local Bodies As per the revised Clause 6(c), the National Programme Implementation Agency (NPIA) will now release...

Author: PPD Team Date: 24/07/2025 The Ministry of Heavy Industries (MHI) has updated the phased manufacturing programme (PMP) for public EV charging stations under the PM E-Drive scheme. Domestic production of enclosures, wiring harnesses, and software for charge point protocols has been required since December 2021. From June 2022, localisation extended to auxiliary power supplies, DC meters, and DC-side switchgear. AC contactors and RFID systems followed in July 2022. Type 2 AC charging guns were...

Author: PPD Team Date: 24/07/2025 The government of Andhra Pradesh has released a declaration for developing a green hydrogen valley in Amaravati to create an integrated ecosystem for green hydrogen and its derivatives by 2030. Targets include setting up 2 GW of electrolyser manufacturing capacity by 2027, expanding it to 5 GW by 2029, and building 1.50 million metric tonnes per annum of green hydrogen production capacity by 2029. The policy also seeks to lower...

Author: PPD Team Date: 24/07/2025 The US has opened an anti-dumping and countervailing duty probe into solar module imports from India, Indonesia and Laos, Financial Express reported. The petition was filed by US manufacturers including First Solar, Qcells, Mission Solar and Talon PV. It alleges unfair pricing and subsidies, citing dumping margins of 214 per cent for India.   India exported 4.4 GW of modules to the US in 2024, or 8 per cent of total...

Author: PPD Team Date: 24/07/2025 The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has installed over 4 lakh time of day (TOD) electricity meters in the Pune circle, reported The Indian Express. These meters are being provided free of charge to all categories of consumers. The TOD meters are postpaid and digitally transmit electricity usage data. This allows MSEDCL to issue timely and accurate bills without manual readings. The meters are tested for accuracy and...

Author: PPD Team Date: 24/07/2025 Serentica Renewables has selected SANY Renewable to supply wind turbine generators (WTGs) for a 336 MW wind power project in Karnataka. Each turbine will have a rated capacity of 4 MW. Deliveries are scheduled to begin by December 2025. The project is part of Serentica’s plan to supply round-the-clock renewable energy to industrial consumers. The wind farm will use SANY’s high-capacity turbines, which are already in operation in other parts...

Author: PPD Team Date: 24/07/2025 The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines for inverter communication systems under the PM Surya Ghar: Muft Bijli Yojana.  All inverter communication devices must now transmit data only to government-owned servers located in India. Use of Machine-to-Machine (M2M) SIMs is mandatory for secure transmission. The data will be monitored through a national software platform managed by MNRE, which will prevent original equipment manufacturers (OEMs) from...

Author: PPD Team Date: 24/07/2025 L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro (L&T), will develop India’s largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat Refinery in Haryana. According to a company statement, the plant will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years. The project will be implemented on a build-own-operate (BOO) model and is aligned with the Government of India’s National Green Hydrogen...

Author: PPD Team Date: 23/07/2025 The UK government has approved the final investment decision for the Sizewell C nuclear power plant and will hold a 44.9 per cent equity stake, becoming its largest investor. The £38 billion project will power 6 million homes for at least 60 years. It is expected to create 10,000 jobs, 1,500 apprenticeships, and award 70 per cent of construction contracts to UK-based firms. Annual savings to the electricity system could...

Author: PPD Team Date: 23/07/2025 Torrent Power plans to invest Rs 50,000 crore over the next three to four years to increase its renewable energy (RE) capacity to 10 GW by 2030, up from 1.75 GW currently. The capex will be divided across three segments. Around Rs 20,000 crore will support renewable energy projects, Rs 14,000 crore is allocated to 3,000 MW of pumped storage hydro capacity, and Rs 16,000 crore will go toward expanding...