Author: PPD Team Date: 13/12/2024
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: 21/11/2024 The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will be handed…
Author: PPD Team Date: 21/10/2024 REC Power Development and Consultancy (RECPDCL), a subsidiary of REC Limited, has issued a tender to select a transmission service provider for establishing an inter-state transmission system (ISTS) as part of a network expansion program in the western region. The project will support pumped hydro storage projects (PSP) near Talegaon, Pune, Maharashtra, through a tariff-based competitive bidding process. The bid submission deadline is December 20, 2024. The project aims to…
Author: PPD Team Date: 06/11/2024 REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity with 3×500 MVA, 400/220kV and…
Author: PPD Team Date: 03/12/2024 Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh. Spanning 1,635.63 acres, the project was secured through a competitive bidding process and features a combination of single-axis trackers and bi-facial modules to enhance system efficiency by over 15%. The project is expected to offset 7,80,300 tonnes of CO2 annually while adhering to engineering standards, including SCADA…
Author: PPD Team Date: 07/01/2025 UAE-based renewable energy developer AMEA Power has secured two battery energy storage system (BESS) projects in South Africa, each with over 300 megawatt-hours of capacity. The Gainfar and Boitekong projects, located in the North West Province, aim to address frequent blackouts and load shedding. Awarded under Bid Window 2 of the Battery Energy Storage Independent Power Producer Procurement Programme, the Gainfar project will connect to the Ngwedi substation, while the…
Author: PPD Team Date: 10/02/2025 The State Investment Promotion Board (SIPB) of Andhra Pradesh has approved investment proposals worth Rs 183.58 billion for setting up 2,087.6 MW of renewable energy projects across the state. The approved projects include: NSL Renewable CPP Private Limited: A 50 MW wind-solar hybrid power project with an investment of Rs 5.67 billion. Tata Power Renewable Energy Limited (TPREL): A 400 MW solar power project in Anantapur, costing Rs 20 billion….