Author: PPD Team Date: 13/11/2024
Rajasthan Renewable Energy Corporation Limited (RRECL) has issued a tender for the development of 282 MW of grid-connected rooftop solar photovoltaic (PV) projects on government buildings across Rajasthan.
The bid submission deadline is November 26, 2024.
The project scope covers design, supply, erection, testing, commissioning, and 25 years of operation and maintenance (O&M) from the commissioning date.
Author: PPD Team Date: 14/01/2025 The Government of Himachal Pradesh has urged the Government of India to adopt a 90:10 funding formula or provide a 50-year interest-free loan to finance the Kishau Multi-Purpose Project. The project, estimated at Rs 115.5 billion, will be developed by Kishau Corporation Limited, a joint venture between the Governments of Himachal Pradesh and Uttarakhand. It is located on the Tons River, a major Yamuna tributary, at the border of Dehradun…
Author: PPD Team Date: 23/10/2024 The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its “T3” unit in Malanpur, Madhya Pradesh, expected to be completed by March 2025. In FY24,…
Author: PPD Team Date: 30/10/2024 Polenergia and Equinor Wind Power have finalized charter agreements for crew transfer vessels (CTVs) to support the construction of the Baltyk 2 and Baltyk 3 offshore wind farms in the Polish Baltic Sea, each with a capacity of 720 MW. Project companies MFW Bałtyk II and MFW Bałtyk III, formed by the two firms, are overseeing these agreements. For each project, two CTVs have been contracted: one with UK-based Njord…
Author: PPD Team Date: 15/10/2024 Adani Energy Solutions Ltd (AESL) has added over 2,000 circuit kilometers (ckm) to its under-construction power transmission portfolio with three new project wins in Q2 FY25. These projects, totalling 2,059 ckm of transmission lines and 13,500 MVA of substation capacity, bring AESL’s total under-construction portfolio to 5,155 ckm of lines and 35,071 MVA. All three projects are part of interstate transmission system (ISTS) schemes awarded under the tariff-based competitive bidding…
Author: PPD Team Date: 22/11/2024 RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years. This partnership will help advance projects through the NYISO interconnection queue. Additionally, it will allow RIC Energy to grow its portfolio, and increase access to affordable, clean energy for local communities. Jonathan Rappe, CEO of RIC Energy…
Author: PPD Team Date: 27/02/2025 The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received registration from the International Financial Services Centre Authority to operate as a finance company at GIFT City, Gujarat. This will enable foreign currency lending while mitigating…