ReNew sells 300 MW solar asset to Anzen for $176 million
Author: PPD Team Date: 24/12/2024
Author: PPD Team Date: 24/12/2024
ReNew Energy Global has entered into an agreement to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL) to Anzen India Energy Yield Plus Trust for $176 million. RSWPL operates a 300 MW solar asset in Jaisalmer, Rajasthan.
The deal will close after fulfilling contractual obligations, conditions precedent, and lender approvals. The enterprise value may adjust based on net current assets and other provisions in the agreement.
ReNew also expects an earn-out of $17 million, subject to changes in customs duty, safeguard duty, and GST laws, which will be paid after the first payment by RSWPL.
Author: PPD Team Date: 24/04/2025 Teerth Gopicon Private Limited has received Letters of Award (LoAs) from Rajasthan Renewable Energy Corporation Limited (RRECL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up a total of 109.29 MW of solar power projects across Rajasthan. The company secured an LoA worth Rs 4,085.39 million from RRECL to develop 63 MW rooftop solar projects under the Hybrid Annuity Model (HAM). The projects will be installed on state government…
Author: PPD Team Date: 25/11/2024 Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR). Manufactured at Jakson Green’s state-of-the-art Greater Noida facility, the electrolysers integrate an imported stack with indigenously designed and engineered Balance of Plant components. The facility currently has a production capacity of 300 MW, with plans for expansion to meet growing demand….
Author: PPD Team Date: 30/01/2025 NTPC Limited has announced plans to expand the Lara Super Critical Thermal Power Project with a Stage III development, estimated at Rs 155 billion. Stage I, with a capacity of 1,600 MW, is operational, and Stage II, with the same capacity, is under development in Raigarh district, Chhattisgarh. In another major development, Andhra Pradesh Power Generation Corporation Limited (APGENCO) is preparing to submit the detailed project report (DPR) for the…
Author: PPD Team Date: 02/05/2025 NTPC Green Energy Limited has commissioned 75 MW of solar power capacity, raising its operational output to 225 MW under its 500 MW solar power project. The implementation is being carried out by IRCON Renewable Power Limited, a joint venture of Ayana Renewable Power Private Limited. In a parallel development, Zelestra Energy (formerly Solarpack Corporación Tecnológica S.L) has commissioned 100 MW under the 300 MW Inter-State Transmission System (ISTS)-connected solar…
Author: PPD Team Date: 14/05/2025 KEC International Limited, an infrastructure EPC company under the RPG Group, has secured new orders worth Rs 10.34 billion across its Transmission & Distribution (T&D), Civil, and Cables businesses. These contracts were announced on May 12, 2025. In the T&D segment, KEC won a STATCOM (Static Synchronous Compensator) project from a global Original Equipment Manufacturer (OEM) in India. This marks KEC’s first entry into the STATCOM segment, expanding its substation-related…
Author: PPD Team Date: 10/04/2025 Eastman Auto and Power has announced plans to invest between Rs 7 billion and Rs 10 billion over the next three financial years to expand its capacity. The investment will be funded through internal accruals. The company will focus its expansion on the distributed rooftop solar segment. Eastman aims to reach a turnover of Rs 100 billion by FY26, up from Rs 36 billion in FY24. Founded in 2006 and…
Author: PPD Team Date: 24/04/2025 Teerth Gopicon Private Limited has received Letters of Award (LoAs) from Rajasthan Renewable Energy Corporation Limited (RRECL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up a total of 109.29 MW of solar power projects across Rajasthan. The company secured an LoA worth Rs 4,085.39 million from RRECL to develop 63 MW rooftop solar projects under the Hybrid Annuity Model (HAM). The projects will be installed on state government…
Author: PPD Team Date: 25/11/2024 Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR). Manufactured at Jakson Green’s state-of-the-art Greater Noida facility, the electrolysers integrate an imported stack with indigenously designed and engineered Balance of Plant components. The facility currently has a production capacity of 300 MW, with plans for expansion to meet growing demand….
Author: PPD Team Date: 30/01/2025 NTPC Limited has announced plans to expand the Lara Super Critical Thermal Power Project with a Stage III development, estimated at Rs 155 billion. Stage I, with a capacity of 1,600 MW, is operational, and Stage II, with the same capacity, is under development in Raigarh district, Chhattisgarh. In another major development, Andhra Pradesh Power Generation Corporation Limited (APGENCO) is preparing to submit the detailed project report (DPR) for the…
Author: PPD Team Date: 02/05/2025 NTPC Green Energy Limited has commissioned 75 MW of solar power capacity, raising its operational output to 225 MW under its 500 MW solar power project. The implementation is being carried out by IRCON Renewable Power Limited, a joint venture of Ayana Renewable Power Private Limited. In a parallel development, Zelestra Energy (formerly Solarpack Corporación Tecnológica S.L) has commissioned 100 MW under the 300 MW Inter-State Transmission System (ISTS)-connected solar…
Author: PPD Team Date: 14/05/2025 KEC International Limited, an infrastructure EPC company under the RPG Group, has secured new orders worth Rs 10.34 billion across its Transmission & Distribution (T&D), Civil, and Cables businesses. These contracts were announced on May 12, 2025. In the T&D segment, KEC won a STATCOM (Static Synchronous Compensator) project from a global Original Equipment Manufacturer (OEM) in India. This marks KEC’s first entry into the STATCOM segment, expanding its substation-related…
Author: PPD Team Date: 10/04/2025 Eastman Auto and Power has announced plans to invest between Rs 7 billion and Rs 10 billion over the next three financial years to expand its capacity. The investment will be funded through internal accruals. The company will focus its expansion on the distributed rooftop solar segment. Eastman aims to reach a turnover of Rs 100 billion by FY26, up from Rs 36 billion in FY24. Founded in 2006 and…
Author: PPD Team Date: 24/04/2025 Teerth Gopicon Private Limited has received Letters of Award (LoAs) from Rajasthan Renewable Energy Corporation Limited (RRECL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up a total of 109.29 MW of solar power projects across Rajasthan. The company secured an LoA worth Rs 4,085.39 million from RRECL to develop 63 MW rooftop solar projects under the Hybrid Annuity Model (HAM). The projects will be installed on state government…
Author: PPD Team Date: 25/11/2024 Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR). Manufactured at Jakson Green’s state-of-the-art Greater Noida facility, the electrolysers integrate an imported stack with indigenously designed and engineered Balance of Plant components. The facility currently has a production capacity of 300 MW, with plans for expansion to meet growing demand….