Author: PPD Team Date: October 17, 2024
Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited.
Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.
Author: PPD Team Date: March 11, 2026 Swiss-Swedish electrification and automation company ABB has announced plans to invest about $75 million in India in 2026 to expand manufacturing capacity and research infrastructure across multiple locations. The investment, disclosed in a filing to the stock exchanges on March 9, follows more than $35 million invested in India in 2025. With the latest allocation, ABB’s cumulative investment in the country over the past decade exceeds $230 million….
Author: PPD Team Date: January 19, 2026 NTPC Green Energy Limited (NGEL) has commenced commercial operations of a 37.5 MW segment of a solar power project located in Bhuj, Gujarat. In a regulatory disclosure to the stock exchanges, NGEL stated that the third phase of the 150 MW solar project achieved commercial operation on January 17, 2026. The project is owned by Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Private…
Author: PPD Team Date: August 8, 2025 The Ministry of New and Renewable Energy (MNRE) has extended the implementation timeline for mandatory BIS (Bureau of Indian Standards) compliance on certain solar inverters with capacities above 200 kW. The extension is applicable under the “Solar Systems, Devices and Components Goods Order, 2025”. As per the ministry’s notification dated 5 August 2025, inverters listed as items 4 and 5 in the 2025 order will now be permitted…
Author: PPD Team Date: November 21, 2024 GE Vernova, Inc. has announced a definitive agreement to acquire Woodward, Inc.’s heavy-duty gas turbine combustion parts business in Greenville, South Carolina. The acquisition aligns with GE Vernova’s strategy to invest in U.S. manufacturing and strengthen its domestic supply chain to meet the growing global demand for heavy-duty gas turbines and upgrades. Eric Gray, President & CEO of GE Vernova’s Gas Power business, emphasized the importance of integrating…
Author: PPD Team Date: December 19, 2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential…
Author: PPD Team Date: November 29, 2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory…