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: September 22, 2025 The Securities and Exchange Board of India (SEBI) has closed its inquiry into Adani Power Limited and other Adani Group firms without penalty, concluding that allegations of irregular loan transactions were not established. The case originated from claims in the Hindenburg Research report published in January 2023. SEBI issued two final orders on September 18, 2025, disposing of show-cause notices issued in January 2024 to Adani Ports and…
Author: PPD Team Date: November 20, 2025 The New and Renewable Energy Development Corporation of Andhra Pradesh has released the allocation results of its 1.2 GW rooftop solar auction under the PM Surya Ghar programme. Twenty two firms secured capacities across several segments. Sree Sai Electronics secured 12.07 MW. VSA Infra Projects secured 13.5 MW. Sunworks Energy secured 13.6 MW. Junna Solar Systems won 16.18 MW. Brihaspathi Technologies won 17.86 MW. Surya Cons received 60.2…
Author: PPD Team Date: April 15, 2025 PJM Interconnection has launched a multiyear partnership with Google and Tapestry to apply artificial intelligence (AI) tools aimed at improving grid planning and speeding up the integration of new energy sources. PJM operates the power grid for 67 million people across 13 US states and the District of Columbia. The collaboration will use Google Cloud and Google DeepMind to develop AI models that enhance PJM’s ability to process…
Author: PPD Team Date: November 11, 2025 Prime Minister Narendra Modi inaugurated and laid the foundation stone for projects worth Rs 8,260 crore in Uttarakhand on November 9, 2025, marking the state’s 25th foundation day. The projects span key sectors including energy, drinking water, irrigation, education, and urban development. In the energy sector, the Prime Minister inaugurated an electrical substation in Pithoragarh district and solar power plants installed on government buildings. These projects aim to…
Author: PPD Team Date: November 8, 2024 ACME Solar Holdings and Hexa Climate Solutions have secured contracts for 400 MW and 300 MW firm and dispatchable renewable energy (FDRE) projects, respectively, as part of a 760 MW bid invited by NTPC. Industry sources report that ACME Solar won its capacity at a tariff of Rs 4.69 per unit, while Hexa Climate Solutions secured 300 MW through a reverse auction. Avaada Energy Pvt Ltd won the…
Author: PPD Team Date: July 8, 2025 The Indian Energy Exchange (IEX) reported 10,852 million units (MU) of traded electricity volume in June 2025, a 6.5% year-on-year increase. This was led by a 34% rise in Real-Time Market (RTM) volumes and a 30% increase in the green market. However, volumes in the Day-Ahead Market (DAM) and Term-Ahead Market (TAM) declined by 5% and 30% respectively. Average market prices dropped sharply. RTM cleared at Rs 3.73…