Author: PPD Team Date: December 13, 2024
Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024.
The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.
Author: PPD Team Date: November 4, 2024 Thiruvananthapuram Municipal Corporation has been awarded the prestigious Global Award for Sustainable Development in Cities, a recognition led by the United Nations Human Settlements Programme (UN Habitat) and the Shanghai Municipality. This award celebrates significant achievements by cities in implementing sustainable urban development under the new urban agenda. Thiruvananthapuram is the first Indian city to receive this honour, joining four other award-winning cities: Agadir (Morocco), Melbourne (Australia), Doha…
Author: PPD Team Date: May 2, 2025 Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project…
Author: PPD Team Date: December 5, 2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located…
Author: PPD Team Date: February 7, 2025 Matrix Renewables has closed a €40 million non-recourse financing agreement with UniCredit to support the development and construction of six solar photovoltaic (PV) plants across Sicily, Campania, and Lombardia. The total capacity of the projects is 40 MW, with construction having begun in September 2024. Operations are expected to start in the first quarter of 2025. The projects will also create full-time jobs during the construction phase. Once…
Author: PPD Team Date: July 15, 2025 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has signed key agreements for deploying 3.32 million smart prepaid meters in Gujarat under Phase II of the Revamped Distribution Sector Scheme (RDSS). The agreements were signed with Paschim Gujarat Vij Company Limited (PGVCL) and cover both the project implementation agency (PIA) role and distribution development fund support. The project will follow a design,…
Author: PPD Team Date: April 8, 2026 The Ministry of New and Renewable Energy (MNRE) has directed that only the Solar Energy Corporation of India will act as the renewable energy implementing agency (REIA) for issuing new procurement bids as an intermediary procurer. Other agencies will continue to handle obligations only for bids already issued. The directive was issued through a letter dated April 6, 2026. The decision follows a meeting held on February 25,…