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 19, 2026 CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial public offering (IPO). The issue will open for subscription on February 23, 2026, and close on February 25, marking a listing focused on the private-sector renewable energy market. The IPO comprises a fresh issue of shares worth up to Rs 1,200 crore and an offer-for-sale (OFS) of up to…
Author: PPD Team Date: March 17, 2026 Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies Limited (WEL), has completed the acquisition of 53,68,551 Series B preferred shares of United Solar Holding Inc. for approximately USD 30 million. The transaction, first disclosed in December 2025, closed on March 16, 2026. Investment structure United Solar Holding Inc. is a US-based solar company. The purchase of Series B preferred shares indicates that the transaction represents…
Author: PPD Team Date: March 9, 2026 The Tata Power Company Limited has announced a collaboration with Salesforce, an artificial intelligence customer relationship management (AI CRM) platform provider, to support the digital transformation of its expanding renewable energy portfolio. The initiative focuses on Tata Power Renewable Energy Limited (TPREL), the company’s subsidiary responsible for rooftop solar, electric vehicle (EV) charging infrastructure, and smart home solutions. As part of the partnership, Tata Power has deployed Salesforce’s…
Author: PPD Team Date: December 24, 2024 Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use. Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10 per share. The agreement includes a 20-year Power Purchase Agreement (PPA) under the…
Author: PPD Team Date: December 18, 2024 NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants. These solutions will also help mitigate urban waterlogging during monsoons by clearing canals and culverts and support dredging operations in inland waterways, coastal areas, ponds, and lakes. The companies have signed a memorandum of understanding (MoU) for strategic cooperation in this area. Upon successful implementation in pilot projects, the solutions…
Author: PPD Team Date: December 3, 2024 Union Minister of State for Power, Shripad Naik, informed Parliament that India is actively expanding its power generation and transmission capacity to meet growing energy demands. Currently, 29,200 MW of thermal capacity is under construction, with 51,520 MW in the planning stages. The government aims to add 80,000 MW of thermal capacity by 2031-32. As of October 2024, India’s total installed capacity is 454.452 GW, with a target…