Author: PPD Team Date: January 6, 2025
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: February 11, 2026 KPI Green Energy Limited announced on February 10, 2026 that it has received two new orders, covering an international hybrid solar-storage project in the United Arab Emirates and additional domestic works for the Khavda Hybrid Renewable Power Project in Gujarat. The international order has been secured by the company’s subsidiary, Sun Drops Energia Limited, from FVE Lifecare General Trading LLC. The scope includes supply, installation, and commissioning of…
Author: PPD Team Date: October 1, 2024 Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in…
Author: PPD Team Date: May 5, 2025 Indonesia is set to significantly expand its renewable energy capacity by 2040, with plans also to introduce 10GW of nuclear power, according to a Reuters report. In February 2025, the country announced plans to build nuclear power plants with a capacity of 4.3GW, aiming to diversify its energy mix and reduce reliance on fossil fuels. These developments are part of Indonesia’s broader strategy to achieve carbon neutrality by…
Author: PPD Team Date: April 15, 2025 The Nuclear Power Corporation of India Ltd (NPCIL) is in talks with central public sector undertakings (PSUs), including Indian Oil Corporation (IOC) and Indian Railways, for joint development of nuclear power plants. Several states have shown interest in acquiring minority stakes in upcoming nuclear projects. According to NPCIL, state participation would ease land acquisition and clearances, making the projects more feasible. NPCIL already operates a joint venture with…
Author: PPD Team Date: November 12, 2024 Elapath Energy and RenewableErgon are set to develop a 150 MW solar project in Budai, Chiayi County, Taiwan, with an estimated investment of $250 million. The project is slated to begin its first phase in December 2024, pending approval from Taiwan’s Energy Administration under the Ministry of Economic Affairs (MOEA), and is expected to be completed by February 2025. RenewableErgon, a blockchain-based platform, integrates smart contracts, dynamic electricity…
Author: PPD Team Date: April 22, 2025 The Central government inaugurated the 975 MW/1,300 MWp Rajasthan Grid-Connected Solar PV Power Project (Tranche IV) in Jaisalmer, Rajasthan, on April 17, 2025. The project has been developed by ReNew and is spread across multiple villages in Pokran and Bhaniyana tehsils. The project was awarded under SECI’s Tranche IV auction held in March 2021. ReNew Power won 600 MW capacity, while ACME Solar Holdings Limited secured 375 MW….