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: February 20, 2025 GAIL (India) and Accelera by Cummins, the zero-emissions division of Cummins, have signed a memorandum of understanding (MoU) to collaborate on clean energy and energy transition technologies in India. The partnership was formalized during India Energy Week 2025 in New Delhi. The collaboration aims to integrate Accelera’s expertise in new energy solutions with GAIL’s natural gas infrastructure to explore green energy opportunities, including hydrogen production, blending, transportation, and…
Author: PPD Team Date: January 21, 2026 The Ministry of Power (MoP) has allotted a one-year relaxation of industrial registration requirements to support participation in grid connected battery energy storage system (BESS) tenders. The measure aims to address current constraints in domestic battery manufacturing and ensure timely execution of large scale storage projects. Under the notification, bidders using lithium ion cell technology through transfer of technology arrangements with companies from land border sharing countries will…
Author: PPD Team Date: August 7, 2025 CleanMax has secured Rs 400 crore in pre-IPO funding from 360 One Asset Management. The capital will support promoter stake consolidation ahead of the company’s planned public listing. The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding is structured as a three-year instrument at 13 per cent interest, with repayment expected through IPO proceeds. A portion will also be used to reduce existing…
Author: PPD Team Date: April 24, 2025 Equinor has suspended offshore construction of its Empire Wind 1 project off the coast of New York following a stop-work order issued by U.S. Interior Secretary Doug Burgum. This unexpected directive has raised concerns among European suppliers who had committed to the U.S. offshore wind market. Empire Wind 1, a joint venture between Equinor and BP, was poised to become one of the largest offshore wind farms in…
Author: PPD Team Date: October 21, 2024 Switzerland-based Iskraemeco Group, after selling its smart meter manufacturing unit in India to Kaynes Technology India Ltd, has announced plans to set up a new software development centre in India. The centre will focus on electricity metering and data processing, reinforcing Iskraemeco’s ongoing presence in the country. The sale of Iskraemeco India aligns with the group’s strategy to emphasize digital energy and water management solutions using platforms like…
Author: PPD Team Date: January 22, 2025 Virendra Dogra Power Projects Private Limited has secured the Letter of Award (LoA) for a feasibility study to develop 30.85 MW of mini, micro, and small hydroelectric projects (HEPs) in Tripura. The company quoted Rs 8.142 million for the project. Tripura Power Generation Limited (TPGL) invited the bid in November 2023. The scope includes assessing the technical, commercial, and economic viability of developing these HEPs on a Build,…