Author: PPD Team Date: December 11, 2024
The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation.
Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
Author: PPD Team Date: January 10, 2025 Port of Açu Operações and Yamna Co Ltd have signed a land reservation agreement to develop a green ammonia project at the Port of Açu’s industrial complex in northeast Rio de Janeiro State. The agreement reserves two million square meters for green hydrogen initiatives, adding to the one million square meters already licensed at the port. The Port of Açu, owned by Prumo Logística and Port of Antwerp-Bruges…
Author: PPD Team Date: April 28, 2025 THDC India Limited has synchronised the first 250 MW unit of its 1,000 MW pumped storage project (PSP) at Tehri, Uttarakhand, in pump condenser mode. In pump condenser mode, the turbine acts both as a generator and a condenser. It helps generate electricity and also regulates grid stability by absorbing excess energy without producing power, enhancing operational flexibility. The Tehri PSP consists of four reversible pump turbine units…
Author: PPD Team Date: October 8, 2025 The Ministry of New and Renewable Energy (MNRE) has issued two office memoranda dated October 6, 2025, revising procedures under the PM-Surya Ghar: Muft Bijli Yojana. The updates focus on the payment mechanism for the Utility Led Aggregation (ULA) model and the structure of the scheme’s awareness committee. Under the new payment rule, Central Financial Assistance will be released only after the successful installation, inspection, and commissioning of…
Author: PPD Team Date: August 14, 2025 The Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited. The three-year, privately placed investment will fund renewable energy and electric mobility projects in India. According to AIIB, the financing will be used for renewable energy generation such as solar, wind, geothermal, pumped storage, hydrogen production, and energy storage systems. It will also support…
Author: PPD Team Date: January 7, 2025 Insolation Energy has launched a new subsidiary, MGVI Green Infra One, to focus on solar and renewable energy projects. The subsidiary will handle the development, installation, construction, operation, and maintenance of solar power plants and other renewable energy projects. It will also provide consultancy services and commission rooftop solar photovoltaic projects with comprehensive operation and maintenance (O&M) services. MGVI Green Infra One has an authorised share capital of…
Author: PPD Team Date: October 30, 2024 MEIL Solar Energy, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has signed power purchase agreements (PPAs) with Bangalore Electricity Supply Company (BESCOM) to supply solar power from 76 projects with a cumulative capacity of 618.1 MW. These projects will operate under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, following the renewable energy service company (RESCO) model. MEIL Solar Energy…