Author: PPD Team Date: November 5, 2024
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited.
This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
Author: PPD Team Date: January 21, 2025 MECON Limited has secured a contract valued at Rs 46.59 million to conduct Remnant Life Assessment (RLA) studies, detailed feasibility studies, and preparation of a Detailed Project Report (DPR) for the Shanan Hydro Power Project. The contract follows a bidding process initiated by Punjab State Power Corporation Limited (PSPCL) in August 2023. Originally, the project turbines had a capacity of 4 x 12 MW. In March 1982, the…
Author: PPD Team Date: March 6, 2026 An indigenously developed 30 kW Wide Band Gap (WBG)-based Integrated Drive System (IDS) for electric vehicle applications has been launched in Chennai. The technology was unveiled by S. Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), at the Indian Institute of Technology Madras (IIT Madras). The system has been developed by the Centre for Development of Advanced Computing (C-DAC), Thiruvananthapuram, in collaboration with IIT Madras…
Author: PPD Team Date: September 16, 2025 The Ministry of New and Renewable Energy (MNRE) on 15 September 2025 issued the National Policy on Geothermal Energy to guide exploration, development, and deployment of geothermal resources in the country. The vision is to establish geothermal energy as a central part of India’s renewable portfolio. The policy outlines goals to expand research, improve exploration methods, reduce costs, and adopt direct-use technologies such as ground source heat pumps….
Author: PPD Team Date: May 12, 2025 NHPC Limited has raised Rs 19.45 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative, taxable bonds (NCTs). These bonds, part of the 6.86% AF series, were issued on a private placement basis and will mature on May 6, 2040. The allotment date was May 6, 2025, giving the bonds a 15-year tenure. The bonds will be listed on the wholesale debt market segments of the Bombay Stock…
Author: PPD Team Date: January 13, 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,…
Author: PPD Team Date: April 22, 2025 Nigeria has reduced its electricity subsidies by 35% following a targeted tariff hike for high-use consumers, according to Power Minister Adebayo Adelabu. Previously, the government was spending nearly N200 billion ($125 million) monthly to keep tariffs low. In 2023, it removed subsidies for the top 15% of consumers, mainly high-usage households and businesses, helping the market generate an additional N700 billion in revenue, a 70% increase. The move…