Author: PPD Team Date: 06/12/2024
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: 12/11/2024 The Ministry of New and Renewable Energy (MNRE) has introduced a Rs 2 billion programme, running through FY 2025-26, to accelerate green hydrogen production and application across sectors. Focus areas include decentralised hydrogen production through floating solar, biomass, and wastewater, with applications in off-grid energy, cooking, heating, and industrial processes. The initiative aligns with the National Green Hydrogen Mission (NGHM). Project implementation will be overseen by Scheme Implementing Agencies (SIAs)…
Author: PPD Team Date: 09/12/2024 EliTe Solar has officially opened a new solar cell production facility in Indonesia, aimed at driving clean energy adoption and fostering sustainable economic growth in the region. The facility, developed in collaboration with local authorities and partners, is set to generate employment, boost local incomes, and create an industrial cluster in the area. With Indonesia’s vast solar potential of 3,294 GW, the new facility is strategically positioned to meet rising…
Author: PPD Team Date: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 13/02/2025 The Small Industries Development Bank of India (SIDBI) and Agence Française de Développement (AFD) have signed a $100 million credit facility agreement aimed at enhancing green finance solutions for micro, small, and medium enterprises (MSMEs) in India. Under the agreement, AFD will provide SIDBI with a $100 million credit line, which will be used to offer MSMEs access to affordable financing for energy-efficient technologies, renewable energy solutions, and climate-friendly business…
Author: PPD Team Date: 14/01/2025 The Government of Himachal Pradesh has urged the Government of India to adopt a 90:10 funding formula or provide a 50-year interest-free loan to finance the Kishau Multi-Purpose Project. The project, estimated at Rs 115.5 billion, will be developed by Kishau Corporation Limited, a joint venture between the Governments of Himachal Pradesh and Uttarakhand. It is located on the Tons River, a major Yamuna tributary, at the border of Dehradun…
Author: PPD Team Date: 05/12/2024 British International Investment (BII) will invest USD 33.5 million (approximately Rs 2.8 billion) in three companies within India’s electric vehicle (EV) ecosystem. The investment includes USD 15 million in debt financing for Mumbai-based fleet operator Everest Fleet and USD 15 million in equity funding for EV manufacturer TI Clean Mobility, a subsidiary of Tube Investments India. Additionally, USD 3.5 million will go to Delhi-based EV component maker Vecmocon to enhance…