Author: PPD Team Date: November 4, 2024
Prime Minister Narendra Modi inaugurated a 4 MW solar project in Ekta Nagar, Gujarat, valued at Rs 232.6 million.
This initiative is part of ongoing efforts to enhance the Statue of Unity area as an international tourist destination while promoting sustainable energy solutions in the region.
Author: PPD Team Date: February 11, 2026 KPI Green Energy Limited announced on February 10, 2026 that it has received two new orders, covering an international hybrid solar-storage project in the United Arab Emirates and additional domestic works for the Khavda Hybrid Renewable Power Project in Gujarat. The international order has been secured by the company’s subsidiary, Sun Drops Energia Limited, from FVE Lifecare General Trading LLC. The scope includes supply, installation, and commissioning of…
Author: PPD Team Date: March 25, 2026 The Maharashtra government has approved the release of Rs 39.20 crore as its latest equity contribution toward the 2×660 MW supercritical thermal expansion at Koradi Thermal Power Station in Nagpur. The project is being executed by Maharashtra State Power Generation Company Limited (Mahagenco). The tranche represents 70% of the Rs 56 crore budgeted for the state’s equity share in 2025-26 and was released following concurrence from the Finance…
Author: PPD Team Date: December 5, 2024 Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will support the construction of solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debt. The agreement includes a €150 million accordion facility, designed to enhance Amarenco’s operational capacity, reduce financial risk, and improve project…
Author: PPD Team Date: November 22, 2024 RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years. This partnership will help advance projects through the NYISO interconnection queue. Additionally, it will allow RIC Energy to grow its portfolio, and increase access to affordable, clean energy for local communities. Jonathan Rappe, CEO of…
Author: PPD Team Date: November 22, 2024 JSW Energy, led by Sajjan Jindal, is set to establish a wind turbine blade manufacturing facility in Karnataka to secure a steady supply of wind turbine generators (WTGs) for its renewable energy projects. The plant, requiring an estimated investment of $50 million, will have the capacity to assemble 400-500 turbines annually. The facility will be built on available land at JSW Energy’s Vijayanagar site, where the company also…
Author: PPD Team Date: November 6, 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…