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: September 26, 2025 CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case of default, an extra 2% per annum applies. Allotment is set for September…
Author: PPD Team Date: July 24, 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…
Author: PPD Team Date: March 6, 2026 The Indian Energy Exchange Limited (IEX) reported a 30.4% year-on-year increase in electricity trading volumes for February 2026, with total traded volume reaching 12,550 million units (MU). The exchange also recorded a decline of more than 18% in average spot power prices during the month, which enabled distribution companies and industrial consumers to procure electricity at lower costs. Electricity traded on the exchange increased from 9,623 MU in…
Author: PPD Team Date: December 11, 2024 Iberdrola has received a production licence from the Portuguese Directorate-General for Energy and Geology (DGEG) for a 274 MW wind project in Vila Real and Braga. The project involves an investment of €350 million ($369 million) and will integrate with the Tâmega hydroelectric system. This marks Portugal’s first hybrid wind and hydro energy project, with a production capacity of 601 GWh annually. It is part of the Tâmega…
Author: PPD Team Date: February 12, 2025 Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: October 28, 2024 Statkraft has been chosen to negotiate a grant of up to €107 million from the EU Innovation Fund for its project, which includes a 200 MW electrolysis plant and a 50 MW heat pump system. The project has the potential to produce 20,000 tonnes of renewable hydrogen and 50,000 MWh of green heat annually, supporting greenhouse gas reduction initiatives in Europe. Statkraft has also signed letters of intent…