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: January 13, 2026 The Central Transmission Utility (CTU) has issued a follow up advisory on processing generator connection applications where installed capacity in simulation studies differs from the capacity stated in the connectivity grant letter for renewable energy (RE) plants and parks. Citing a Central Electricity Regulatory Commission (CERC) order dated December 8, 2025 in Petition No. 14/SM/2025, the CTU said RE developers are allowed to install additional equipment such as…
Author: PPD Team Date: January 9, 2025 Grenergy has obtained $324 million in financing for phase four of its Oasis de Atacama project, named Gabriela. This phase includes 269 MW of solar capacity and 1.1 GWh of storage. Financing was provided by BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, Bank of Nova Scotia, and SMBC. The same institutions also financed the first three phases of the project, with a total investment of $643…
Author: PPD Team Date: April 29, 2025 Diamond Power Infrastructure Limited has received a Letter of Intent (LoI) worth Rs 1,509.86 million from Rajesh Power Services Limited. The order is for supplying cross-linked polyethylene (XLPE) aluminium armored high tension (HT) cables under the Dakshin Gujarat Vij Company Limited (DGVCL) System Improvement (SI) scheme. The LoI was issued on April 28, 2025, as part of Gujarat’s broader SI initiatives aimed at strengthening power infrastructure and improving…
Author: PPD Team Date: January 8, 2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based…
Author: PPD Team Date: February 19, 2025 On February 17, 2025, Power Grid Corporation of India Limited (POWERGRID) received the Letter of Intent (LoI) for two inter-state transmission projects under the Build, Own, Operate, and Transfer (BOOT) model. These include: Transmission Scheme for integration of Davanagere / Chitradurga and Bellary REZ in Karnataka The scheme will be executed in two parts. The first involves integrating the Davanagere/Chitradurga Renewable Energy Zone (REZ) by establishing a 765/400kV…
Author: PPD Team Date: October 28, 2024 Offshore contractor DEME has secured a contract to transport and install inter-array cables and secondary steel components for the 800 MW OranjeWind offshore wind farm in the Dutch North Sea. The wind farm, located 53 km from the Dutch coast, is a joint venture between RWE and TotalEnergies. DEME’s scope includes the installation of 114 km of inter-array cables connecting 53 foundations to the offshore substation. Scheduled to…