Power Sector News Roundup for August 13, 2025
Author: PPD Team Date: August 13, 2025
Author: PPD Team Date: August 13, 2025
Author: PPD Team Date: February 10, 2026 Bajaj Electricals posts Rs 34 crore loss in Q3 FY26 Bajaj Electricals Limited reported a consolidated net loss of Rs 34 crore for the quarter ended December 31, 2025, compared with a profit of Rs 33 crore in the same period last year. Revenue declined 18.5% year on year to Rs 1,051 crore, while EBIT turned negative at Rs 8 crore. The company cited channel inventory normalisation in…
Author: PPD Team Date: September 12, 2025 Global: Eco Wave Power launches first onshore wave energy project in US India: Inox Neo Energies to acquire 640 MW wind-solar hybrid from Evergreen IREDA raises Rs 4.53 billion through second perpetual bond issue SnapE Cabs raises $2.5 million funding for EV expansion Kalpataru Projects secures Rs 27.2 billion orders Prostarm sets up SPV for 150 MW/300 MWh BESS project in Karnataka Rajesh Power wins contract for underground…
Author: PPD Team Date: January 16, 2025 Rajasthan Chief Minister Bhajan Lal Sharma has approved the allocation of 4,000 hectares in Bodana village, Jaisalmer district, to the Rajasthan Solar Park Development Company for establishing a 2,000 MW solar power project. This initiative aligns with the state’s commitment to advancing renewable energy and supporting clean energy goals.
Author: PPD Team Date: March 16, 2026 India’s total installed power capacity reached 524 GW at the end of February, according to official data, with non-fossil fuel sources exceeding 52% of the mix for the first time as solar additions outpaced other technologies. Data released by the Central Electricity Authority (CEA) showed that renewable energy, large hydro and nuclear together accounted for 275,468 MW, representing 52.57% of total installed capacity. This marginally exceeded fossil fuel…
Author: PPD Team Date: December 16, 2024 Envision Energy has secured a significant order to supply three battery energy storage systems (BESS) for South Africa’s Oasis 1 cluster of projects, with a total capacity of 257MW and 1,028 megawatt hours (MWh) of storage. This order, the largest of its kind in South Africa, positions Envision Energy as the first supplier to secure a gigawatt-scale energy storage order in the region. The Oasis projects, part of…
Author: PPD Team Date: November 21, 2024 The Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) for five independent power producer (IPP) projects, totalling 9.2GW in capacity, as reported by Zawya. The projects include thermal and solar photovoltaic (PV) power initiatives, with a combined investment of 35 billion Saudi riyals ($9.3 billion), supporting Saudi Vision 2030 goals for a balanced energy mix. The thermal projects, Rumah 1 and 2 and Nairyah 1…