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 21, 2025 Japan’s government has approved new climate, energy, and industrial policies aimed at reducing greenhouse gas (GHG) emissions by 2040, Reuters reported. The strategy focuses on decarbonisation, energy security, and industrial growth, forming part of Japan’s long-term plan to ensure business policy stability. Japan has set a target to reduce GHG emissions by 46% from 2013 levels by 2030, 60% by 2035, and 73% by 2040. The updated targets,…
Author: PPD Team Date: August 21, 2025 Inox Wind Limited has divested a stake worth about Rs 175 crore in its engineering, procurement, and construction subsidiary, Inox Renewable Solutions Limited, at a valuation of nearly Rs 7,400 crore. The transaction comes after the stock exchanges cleared the demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions. Approval from the National Company Law Tribunal’s Chandigarh bench for the merger of…
Author: PPD Team Date: February 12, 2026 CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw participation from Steadview Capital, 360One and Steinberg India Emerging Opportunities Fund. Several family offices joined the round, including those linked to the Dalmia group, as well as the Jaisinghani…
Author: PPD Team Date: November 14, 2024 Equinix, Inc. has entered into its first power purchase agreement (PPA) in India with CleanMax to develop a 33 MW captive power plant in Maharashtra. The facility will comprise 26.4 MWp of solar and 6.6 MW of wind capacity, with phased operations commencing in 2025. This initiative aligns with Equinix’s sustainability strategy, aiming to meet the increasing energy demands of its International Business Exchange (IBX) data centers in…
Author: PPD Team Date: January 6, 2025 Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global renewable energy company that operates across Europe and New Zealand. The company employs…
Author: PPD Team Date: April 9, 2026 India’s air quality regulator has imposed penalties totalling about Rs 61.85 crore ($7.4 million) on six coal-fired thermal power plants for not complying with biomass co-firing requirements under national environmental rules. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) took action after a compliance review found that the six plants, all located within 300 km of Delhi, had not met the…