Author: PPD Team Date: 08/11/2024
REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat.
RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive bidding process.
Author: PPD Team Date: 12/12/2024 INOXGFL Group has launched Inox Solar to venture into solar manufacturing, targeting an initial capacity of five GW for solar modules and 2.5 GW for solar cells by 2026. The promoters plan to invest Rs 15 billion in this initiative. The first solar module manufacturing plant, with a 1.2 GW capacity for TopCon modules, is being set up in Gujarat and is expected to become operational by March 2025. Through…
Author: PPD Team Date: 02/01/2025 Innergex Renewable Energy has partnered with West Moberly First Nations and signed a 30-year electricity purchase agreement (EPA) with BC Hydro for the Stewart Creek wind project. The 200 MW community wind project is located 60 km east of Innergex’s Dokie Wind Farm, British Columbia. West Moberly First Nations holds a 51 per cent stake, while Innergex owns 49 per cent of the project. The wind farm is expected to…
Author: PPD Team Date: 02/01/2025 The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG). The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and secondary purchase. IFC, a World…
Author: PPD Team Date: 09/06/2025 India is making rapid progress in expanding clean power, with 83% of power sector investment in 2024 going to renewables and a rising share of non-fossil capacity. However, a June 2025 report from the International Energy Agency (IEA), titled “World Energy Investment 2025,” highlights that current policies still fall short of the funding needed to meet long-term goals. While foreign and domestic investment is growing, key risks—like discom payment delays,…
Author: PPD Team Date: 04/06/2025 NHPC Limited, on behalf of its wholly owned subsidiary NHPC Renewable Energy Limited (NHPC REL), has re-invited Request for Selection (RfS) bids to appoint rooftop developers (RTDs) for setting up 24.22 MW of rooftop solar photovoltaic (PV) power capacity across 245 government buildings in India. The projects will be implemented under the Renewable Energy Service Company (RESCO) model as part of the PM Surya Ghar Muft Bijli Yojana (PMSG-MBY). The…
Author: PPD Team Date: 24/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections….
Author: PPD Team Date: 12/12/2024 INOXGFL Group has launched Inox Solar to venture into solar manufacturing, targeting an initial capacity of five GW for solar modules and 2.5 GW for solar cells by 2026. The promoters plan to invest Rs 15 billion in this initiative. The first solar module manufacturing plant, with a 1.2 GW capacity for TopCon modules, is being set up in Gujarat and is expected to become operational by March 2025. Through…
Author: PPD Team Date: 02/01/2025 Innergex Renewable Energy has partnered with West Moberly First Nations and signed a 30-year electricity purchase agreement (EPA) with BC Hydro for the Stewart Creek wind project. The 200 MW community wind project is located 60 km east of Innergex’s Dokie Wind Farm, British Columbia. West Moberly First Nations holds a 51 per cent stake, while Innergex owns 49 per cent of the project. The wind farm is expected to…
Author: PPD Team Date: 02/01/2025 The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG). The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and secondary purchase. IFC, a World…
Author: PPD Team Date: 09/06/2025 India is making rapid progress in expanding clean power, with 83% of power sector investment in 2024 going to renewables and a rising share of non-fossil capacity. However, a June 2025 report from the International Energy Agency (IEA), titled “World Energy Investment 2025,” highlights that current policies still fall short of the funding needed to meet long-term goals. While foreign and domestic investment is growing, key risks—like discom payment delays,…
Author: PPD Team Date: 04/06/2025 NHPC Limited, on behalf of its wholly owned subsidiary NHPC Renewable Energy Limited (NHPC REL), has re-invited Request for Selection (RfS) bids to appoint rooftop developers (RTDs) for setting up 24.22 MW of rooftop solar photovoltaic (PV) power capacity across 245 government buildings in India. The projects will be implemented under the Renewable Energy Service Company (RESCO) model as part of the PM Surya Ghar Muft Bijli Yojana (PMSG-MBY). The…
Author: PPD Team Date: 24/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections….
Author: PPD Team Date: 12/12/2024 INOXGFL Group has launched Inox Solar to venture into solar manufacturing, targeting an initial capacity of five GW for solar modules and 2.5 GW for solar cells by 2026. The promoters plan to invest Rs 15 billion in this initiative. The first solar module manufacturing plant, with a 1.2 GW capacity for TopCon modules, is being set up in Gujarat and is expected to become operational by March 2025. Through…
Author: PPD Team Date: 02/01/2025 Innergex Renewable Energy has partnered with West Moberly First Nations and signed a 30-year electricity purchase agreement (EPA) with BC Hydro for the Stewart Creek wind project. The 200 MW community wind project is located 60 km east of Innergex’s Dokie Wind Farm, British Columbia. West Moberly First Nations holds a 51 per cent stake, while Innergex owns 49 per cent of the project. The wind farm is expected to…