Author: PPD Team Date: 06/12/2024
Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
Author: PPD Team Date: 01/05/2025 The Government of Uttar Pradesh has set a target to generate 500 GW of solar power by 2030, focusing on regions like Bundelkhand, Vindhya, and surrounding areas. The goal is to establish these regions as major solar energy hubs. To support this transition, the state has signed memoranda of understanding with the Smart Energy Council of Australia and the Hinduja Group. These partnerships aim to encourage investment, enable technology transfer,…
Author: PPD Team Date: 24/01/2025 North Eastern Electric Power Corporation Limited (NEEPCO) invited bids for Package III: electro-mechanical (E&M) works for the 186 MW Tato-I Hydro Electric Project on January 21, 2025. The bid submission deadline is March 22, 2025. The work is expected to cost of Rs 3,384.8 million. The project, estimated at Rs 17.50 billion, will be located in Shi Yomi District, Arunachal Pradesh. With an installed capacity of 186 MW (3 x…
Author: PPD Team Date: 21/05/2025 ACME Sikar Solar Private Limited, a subsidiary of ACME Solar Holdings, commissioned 112.5 MW under Phase-II of its 300 MW solar project in Bikaner, Rajasthan on May 19, 2025. With this, the cumulative commissioned capacity at the site stands at 165 MW. The project, financed by Power Finance Corporation Limited (PFC), is spread over around 1,300 acres. Power from the plant will be sold on power exchanges at Rs 3.05…
Author: PPD Team Date: 17/01/2025 Plug Power has signed a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyser capacity for AGA’s green hydrogen-to-ammonia plant in Australia. The plant will also include a 4.5 GW solar facility to power the electrolysers with zero-emission electricity, targeting a production capacity of 2,700 metric tonnes of green ammonia per day. As part of the agreement, Plug Power will deliver a Basic Engineering and Design…
Author: PPD Team Date: 13/12/2024 Ørsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm in Taiwan to Cathay Life Insurance (CLI) and its affiliate Cathay Wind Power Holdings. The deal, valued at DKr11.6 billion ($1.6 billion), includes 50% ownership and an equal commitment to fund engineering, procurement, and construction (EPC) payments. The transaction, which has received regulatory approvals, is expected to close by the end of 2024. The…
Author: PPD Team Date: 30/10/2024 The SouthCoast Wind 1 offshore wind farm, developed by Ocean Winds, has secured critical approvals from Massachusetts for its onshore transmission facilities at Brayton Point in Somerset. The Massachusetts Energy Facilities Siting Board has granted a construction and operation permit for the facilities, while the Department of Environmental Protection has issued a Chapter 91 Waterways license for nearshore infrastructure. Additionally, the Office of Coastal Zone Management has completed its federal…