Author: PPD Team Date: 06/01/2025
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: 31/03/2025 The Madras High Court has struck down additional network charges imposed on rooftop solar power used for captive consumption. This ruling is expected to ease costs for industrial consumers and boost solar energy adoption in Tamil Nadu. The case involved 22 petitions, including one from the South India Spinners Association, challenging charges levied by Tamil Nadu Generation and Distribution Corporation (Tangedco), now Tamil Nadu Power Distribution Corporation Limited (TNPDCL). The…
Author: PPD Team Date: 05/12/2024 India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country targets expanding this to nearly 14 GW. By 2031-32, the goal is to reach 20…
Author: PPD Team Date: 04/11/2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro…
Author: PPD Team Date: 22/04/2025 Uttar Pradesh is stepping up its solar push. The state plans to install 8 lakh rooftop solar units by March 2027 under the PM Surya Ghar Yojana. The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) is leading the effort. For the current financial year, the target is 2.65 lakh units. To stay on track, the state is aiming for 22,000 installations every month. The goal is to boost…
Author: PPD Team Date: 13/01/2025 US renewable energy company Origis Energy has secured a $415 million financing package for the Swift Air Solar project in Ector County, Texas. The package includes $290 million in construction and term debt from Natixis Corporate & Investment Banking, which also acted as the hedging bank, LC issuer, green loan coordinator, and administrative agent. Advantage Capital contributed $125 million in tax equity for the project. Swift Air Solar, expected to…
Author: PPD Team Date: 24/02/2025 Tata Power Delhi Distribution (Tata Power-DDL) has partnered with Probus Smart Things to enhance smart metering technology through a Universal Network Interface Card (NIC) with Bluetooth-enabled communication. The Universal NIC aims to improve smart metering capabilities by ensuring reliable and efficient communication even in the absence of primary networks, according to a statement from Tata Power-DDL. Key features of the NIC include Bluetooth-enabled connectivity for seamless meter data collection and…
Author: PPD Team Date: 31/03/2025 The Madras High Court has struck down additional network charges imposed on rooftop solar power used for captive consumption. This ruling is expected to ease costs for industrial consumers and boost solar energy adoption in Tamil Nadu. The case involved 22 petitions, including one from the South India Spinners Association, challenging charges levied by Tamil Nadu Generation and Distribution Corporation (Tangedco), now Tamil Nadu Power Distribution Corporation Limited (TNPDCL). The…
Author: PPD Team Date: 05/12/2024 India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country targets expanding this to nearly 14 GW. By 2031-32, the goal is to reach 20…
Author: PPD Team Date: 04/11/2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro…
Author: PPD Team Date: 22/04/2025 Uttar Pradesh is stepping up its solar push. The state plans to install 8 lakh rooftop solar units by March 2027 under the PM Surya Ghar Yojana. The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) is leading the effort. For the current financial year, the target is 2.65 lakh units. To stay on track, the state is aiming for 22,000 installations every month. The goal is to boost…
Author: PPD Team Date: 13/01/2025 US renewable energy company Origis Energy has secured a $415 million financing package for the Swift Air Solar project in Ector County, Texas. The package includes $290 million in construction and term debt from Natixis Corporate & Investment Banking, which also acted as the hedging bank, LC issuer, green loan coordinator, and administrative agent. Advantage Capital contributed $125 million in tax equity for the project. Swift Air Solar, expected to…
Author: PPD Team Date: 24/02/2025 Tata Power Delhi Distribution (Tata Power-DDL) has partnered with Probus Smart Things to enhance smart metering technology through a Universal Network Interface Card (NIC) with Bluetooth-enabled communication. The Universal NIC aims to improve smart metering capabilities by ensuring reliable and efficient communication even in the absence of primary networks, according to a statement from Tata Power-DDL. Key features of the NIC include Bluetooth-enabled connectivity for seamless meter data collection and…
Author: PPD Team Date: 31/03/2025 The Madras High Court has struck down additional network charges imposed on rooftop solar power used for captive consumption. This ruling is expected to ease costs for industrial consumers and boost solar energy adoption in Tamil Nadu. The case involved 22 petitions, including one from the South India Spinners Association, challenging charges levied by Tamil Nadu Generation and Distribution Corporation (Tangedco), now Tamil Nadu Power Distribution Corporation Limited (TNPDCL). The…
Author: PPD Team Date: 05/12/2024 India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country targets expanding this to nearly 14 GW. By 2031-32, the goal is to reach 20…