Author: PPD Team Date: December 6, 2024
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited.
Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.
The project will operate under a 25-year power purchase agreement with NTPC.
Author: PPD Team Date: February 7, 2025 TP Solar Limited, the solar manufacturing arm of Tata Power and a subsidiary of Tata Power Renewable Energy Limited (TPREL), has inaugurated a 4.3 GW solar cell and module manufacturing facility in Tirunelveli, Tamil Nadu. This facility is India’s largest single-location solar manufacturing plant and incorporates advanced TOPCon and Mono PERC technology. The plant will produce high-efficiency solar cells and modules to meet the growing demand for renewable…
Author: PPD Team Date: December 26, 2024 Solidus Techno Power Private Limited has secured a 29 MWp solar project in Bikaner, Rajasthan, marking its expansion beyond Punjab. The project will supply 40% of the electricity needed for a large industrial manufacturing facility in the region. Set to be completed by September 2025, the solar PV plant is expected to generate approximately 47 million kWh of clean energy annually. Solidus Techno Power will provide comprehensive EPC…
Author: PPD Team Date: April 4, 2025 ACME Solar Holdings has secured a long-term refinancing facility of Rs 24.91 billion for its operational renewable energy portfolio totaling 490 MW across Andhra Pradesh, Rajasthan, and Punjab. The refinancing has been arranged through the State Bank of India and REC Limited, with a tenure ranging from 18 to 20 years. It will be used to restructure existing debt and lower the financing cost to a weighted average…
Author: PPD Team Date: July 21, 2025 India has fast-tracked four major hydropower projects in Jammu and Kashmir following its suspension of the Indus Waters Treaty (IWT) with Pakistan. The 1,000 MW Pakal Dul, 624 MW Kiru, 540 MW Kwar, and 850 MW Ratle projects, located on the Chenab river, are now slated for earlier commissioning between May 2026 and July 2028. Of these, the Ratle project is expected to be the first to come…
Author: PPD Team Date: November 26, 2024 Indonesia’s President Prabowo Subianto has announced plans to retire all coal-fired power plants by 2040, advancing the previous target of 2056. At the G20 Summit in Rio de Janeiro on 19 November 2024, Subianto emphasized the need for global collaboration to achieve net-zero emissions before 2050. The country plans to develop over 75 GW of renewable energy in the next 15 years to replace coal. Despite these goals,…
Author: PPD Team Date: November 4, 2024 Solar EPC firm Trom Industries Ltd has announced solar project contracts valued at Rs 330 million from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Trom Industries secured a Rs 207 million work order from GMRC to install and maintain a 5MW grid-connected rooftop solar system across 15 metro stations in Ahmedabad for five years. Project supply will commence this year in phases. Additionally, Trom Industries received a…