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: January 14, 2026 The Andhra Pradesh government has approved Websol Energy System Limited’s proposal to set up a greenfield 4 GW solar cell and module manufacturing facility at MPSEZ in Naidupeta, Tirupati district. The approval was issued through a Government Order by the state Industries and Commerce Department and follows a memorandum of understanding signed with the Andhra Pradesh Economic Development Board (APEDB) in November 2025. Websol Energy announced the approval…
Author: PPD Team Date: February 18, 2025 Eurus Energy Holdings Corporation (Eurus Energy) has commenced the commercial operation of the Ashikawa Wind Farm in Toyotomi Town, Hokkaido. With a capacity of 128.8 MW, this wind farm is part of the larger Dohoku Wind Power Generation Project, which aims to install 107 wind turbines across six wind farms in northern Hokkaido. Dohoku Wind Farm LLC, a group company of Eurus Energy, has completed the construction of…
Author: PPD Team Date: April 3, 2025 Resonia Limited, formerly Sterlite Grid 32 Limited, has won the bid for the “Transmission System for Integration of Ananthapur-II Renewable Energy Zone (REZ) Phase-I” project. The contract was awarded through a tariff-based competitive bidding process in 2025. The company will develop the project under a special purpose vehicle (SPV) on a build, own, operate, and transfer (BOOT) basis for 35 years. Meanwhile, PFC Consulting Limited (PFCCL) has incorporated…
Author: PPD Team Date: November 3, 2025 NTPC Limited reported a slight increase in its consolidated net profit for the second quarter of FY25, even as its revenue declined year-on-year. The company’s net profit stood at Rs 4,653 crore in Q2 FY25, up 0.11% from Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% to Rs 39,166 crore compared to Rs 40,337 crore in the corresponding period of the previous…
Author: PPD Team Date: November 26, 2024 Bharat Heavy Electricals Limited (BHEL) is set to commission nine GW of thermal power generation capacity in the current financial year. This addition, valued at approximately Rs 650 billion, will contribute to the nation’s existing 237 GW thermal power capacity. The projects have been awarded to BHEL by power generation companies, including NTPC, Tamil Nadu, Maharashtra, and Uttar Pradesh, since 2017. Delays due to land and environmental approvals…
Author: PPD Team Date: July 25, 2025 Vena Energy has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for a 100 MW renewable energy project under the firm and despatchable renewable energy (FDRE) scheme. This is India’s first PPA structured around a load-following supply model. The load-following category is distinct from the round-the-clock and peak power formats seen in other FDRE projects. It aims to align renewable energy…