Author: PPD Team Date: December 11, 2024
The Government of Rajasthan (GoR) has signed an agreement with BrightKnight to establish wind-solar hybrid power projects in the state.
As part of the agreement, BrightKnight has committed to investing Rs 150 billion to set up over 2,000 MW of wind-solar hybrid capacity in Rajasthan.
Author: PPD Team Date: July 10, 2025 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has set up three new Special Purpose Vehicles (SPVs) to implement upcoming transmission infrastructure projects. The three newly incorporated SPVs are: Ananthapuram II Power Transmission Limited, for the Transmission System for Integration of Ananthapuram-II REZ – Phase-II (3 GW). Davanagere Power Transmission Limited, for Transmission system strengthening at Davanagere to integrate RE generation….
Author: PPD Team Date: January 13, 2026 NLC India Limited, following a meeting of its Board of Directors held on January 12, 2026, has granted in-principle approval for the listing of its wholly owned subsidiary, NLC India Renewables Limited (NIRL). The proposed listing is in line with the Government of India’s National Monetisation Pipeline strategy and involves dilution of up to 25% equity stake in NIRL through one or more public offerings. The proposal remains…
Author: PPD Team Date: October 9, 2025 The Ministry of New and Renewable Energy (MNRE) has issued a detailed payment release procedure for the Utility Led Aggregation (ULA) model under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY). The Office Memorandum dated October 6, 2025, specifies that Central Financial Assistance (CFA) will be disbursed only after verification of installation and commissioning, with no advance payments allowed. Under the new process, the State, Utility, or…
Author: PPD Team Date: June 9, 2025 India is making rapid progress in expanding clean power, with 83% of power sector investment in 2024 going to renewables and a rising share of non-fossil capacity. However, a June 2025 report from the International Energy Agency (IEA), titled “World Energy Investment 2025,” highlights that current policies still fall short of the funding needed to meet long-term goals. While foreign and domestic investment is growing, key risks—like discom…
Author: PPD Team Date: January 29, 2025 Avaada Group has signed a memorandum of understanding (MoU) with the Odisha government to invest Rs 207 billion in renewable energy projects. The investment will support the development of 1,500 MW of floating solar projects, two 1,000 MW Pumped Storage Projects (PSP), and green energy equipment manufacturing units. The agreement was formalized at the Make in Odisha Conclave 2025, attended by Chief Minister Mohan Charan Majhi. The event,…
Author: PPD Team Date: May 1, 2025 The Government of Uttar Pradesh has set a target to generate 500 GW of solar power by 2030, focusing on regions like Bundelkhand, Vindhya, and surrounding areas. The goal is to establish these regions as major solar energy hubs. To support this transition, the state has signed memoranda of understanding with the Smart Energy Council of Australia and the Hinduja Group. These partnerships aim to encourage investment, enable…