Rays Green Energy to build solar module and cell plant in Madhya Pradesh
Author: PPD Team Date: December 13, 2024
Author: PPD Team Date: December 13, 2024
Rays Green Energy Manufacturing, a subsidiary of Rays Power Infra, will establish a solar module and cell facility in Madhya Pradesh with a total investment of Rs 14 billion.Ā
The plant will include a 1.5 GW solar cell unit and a 3 GW solar module assembly line, utilizing advanced TOPCon technology to boost domestic renewable energy manufacturing.
The Madhya Pradesh government has allocated 38 acres in the Mohasa Babai Industrial Area, Narmadapuram district, designated as a renewable energy manufacturing zone.
The facility is expected to create around 1,200 direct and indirect jobs, promoting skill development and regional economic growth.
Author: PPD Team Date: May 20, 2025 The Government of Andhra Pradesh laid the foundation stone on May 16, 2025, for a 2,800 MWp wind-solar hybrid power project integrated with a 2,000 MWh Battery Energy Storage System (BESS) in Anantapur district. The project is being developed by ReNew Power Ventures Private Limited. The hybrid project will be executed in two phases: Phase I includes 587 MWp of solar, 250 MW of wind, and a 415…
Author: PPD Team Date: July 2, 2025 Inox Neo Energies Private Limited, a subsidiary of Inox Wind Limited, has acquired Skypower Solar India Private Limited. The deal adds a 50 MW alternating current (AC) / 57.5 MW peak direct current (DC) solar project to Inoxās growing renewable energy portfolio. The total enterprise value of the transaction is approximately Rs 2.65 billion.Ā The project is located in the Khandwa district of Madhya Pradesh. It was commissioned…
Author: PPD Team Date: February 19, 2025 AHAsolar Technologies Limited has won a contract worth Rs 2.95 million from North Eastern Electric Power Corporation Limited (NEEPCO) for preparing pre-feasibility reports (PFRs) and detailed project reports (DPRs) for five floating solar projects across three states. NEEPCO had invited bids for the contract in May 2024, and the award was announced on February 17, 2025. The floating solar power projects will be developed on the Dhadraul reservoir…
Author: PPD Team Date: November 8, 2024 Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year.Ā Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.
Author: PPD Team Date: June 17, 2025 The Uttar Pradesh State Industrial Development Authority (UPSIDA) has selected industrial zones across the state to set up solar power plants. The move falls under the Uttar Pradesh Solar Energy Policy 2022 and was announced on June 15, 2025. Sites include Surajpur Site-5 and EPIPŠ in Gautam Budh Nagar, TDS City in Ghaziabad, and the Special Economic Zone in Moradabad. Other locations are Baghpat, Agra, Mathura, Jhansi, Prayagraj,…
Author: PPD Team Date: June 2, 2025 REC Power Distribution Company Limited (REC PDCL) has incorporated a new special purpose vehicle (SPV) named Robertsganj Power Transmission Limited. The SPV will be responsible for the Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra district, Uttar Pradesh. The incorporation took place on May 29, 2025. REC PDCL has been appointed as the bid process coordinator (BPC) for selecting a transmission service provider (TSP)…