Author: PPD Team Date: 31/01/2025
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EQT and GIC acquire majority stake in UK company Calisen
Author: PPD Team Date: 04/12/2024 EQT Active Core Infrastructure Fund and GIC have announced an agreement to acquire a majority stake in Calisen Group, a UK-based smart metering company, from Global Infrastructure Partners, BlackRock, Goldman Sachs Alternatives, and Mubadala Investment Company. Equitix will retain a minority stake. The transaction is subject to regulatory approvals. Headquartered in Manchester, Calisen owns, installs, reads, and maintains smart meters, with an installed base of 16 million units. The company…
TGREDCO plans 1,000 MW rooftop solar projects
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MoEFCC eases compliance for renewable energy projects
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EQT and GIC acquire majority stake in UK company Calisen
Author: PPD Team Date: 04/12/2024 EQT Active Core Infrastructure Fund and GIC have announced an agreement to acquire a majority stake in Calisen Group, a UK-based smart metering company, from Global Infrastructure Partners, BlackRock, Goldman Sachs Alternatives, and Mubadala Investment Company. Equitix will retain a minority stake. The transaction is subject to regulatory approvals. Headquartered in Manchester, Calisen owns, installs, reads, and maintains smart meters, with an installed base of 16 million units. The company…
TGREDCO plans 1,000 MW rooftop solar projects
Author: PPD Team Date: 13/01/2025 Telangana Renewable Energy Development Corporation Limited (TGREDCO) plans to develop 1,000 MW rooftop solar projects, with each project having a capacity of 1 MW, across various locations in Telangana. The projects will be implemented under the “Indira Mahila Shakti Scheme” by women self-help groups (SHGs). The scope of work includes the design, supply, installation, testing, commissioning, and integration of a remote monitoring system (RMS), along with five years of operation…
IEX and AESL announce FY25 financial results
Author: PPD Team Date: 28/04/2025 Indian Energy Exchange Limited (IEX) posted a net profit of Rs 4.29 billion for 2024-25, a 22.22 per cent rise from the previous year’s Rs 3.51 billion. The company’s total income also grew by 19.23 per cent. It reached Rs 6.57 billion in 2024-25, compared to Rs 5.51 billion a year earlier. Meanwhile, Adani Energy Services Limited (AESL) reported a different trend. Its net profit fell by 22.90 per cent…
Netinium and Wirepas partner for smart metering solutions
Author: PPD Team Date: 18/10/2024 Netinium and Wirepas have announced a partnership to enable scalable and standardized smart metering solutions for utilities globally. The collaboration leverages Wirepas’ non-cellular 5G RF mesh connectivity, which utilizes license-exempt spectrum, and Netinium’s next-generation multi-vendor smart meter head-end system (HES). This partnership addresses the increasing demand for faster and more extensive data collection in smart metering, acting as a critical clearing point between energy systems and “behind-the-meter” assets. Wirepas’ decentralized…
MoEFCC eases compliance for renewable energy projects
Author: PPD Team Date: 21/11/2024 The Ministry of Environment, Forests, and Climate Change (MoEFCC) has simplified compliance requirements for renewable energy projects. Solar module manufacturing units, solar and wind power projects, and mini hydel projects under 25 MW are now exempt from obtaining Environmental Clearance (EC) and Consent to Establish (CTE). Additionally, projects with an EC will no longer require a separate CTE or Consent to Operate, reducing duplication in the process. A standard operating…
VNG AG partners to explore green hydrogen production in Algeria
Author: PPD Team Date: 17/10/2024 VNG AG has signed a letter of intent with Algerian energy firms Sonatrach and Sonelgaz, along with SNAM, SeaCorridor, and VERBUND, to jointly assess the feasibility of large-scale green hydrogen production in Algeria. The project aims to export green hydrogen from North Africa via the proposed “South H2 Corridor” to Italy, Austria, and Germany. The agreement sets the framework for future cooperation, including the preparation of essential studies to evaluate…
EQT and GIC acquire majority stake in UK company Calisen
Author: PPD Team Date: 04/12/2024 EQT Active Core Infrastructure Fund and GIC have announced an agreement to acquire a majority stake in Calisen Group, a UK-based smart metering company, from Global Infrastructure Partners, BlackRock, Goldman Sachs Alternatives, and Mubadala Investment Company. Equitix will retain a minority stake. The transaction is subject to regulatory approvals. Headquartered in Manchester, Calisen owns, installs, reads, and maintains smart meters, with an installed base of 16 million units. The company…
TGREDCO plans 1,000 MW rooftop solar projects
Author: PPD Team Date: 13/01/2025 Telangana Renewable Energy Development Corporation Limited (TGREDCO) plans to develop 1,000 MW rooftop solar projects, with each project having a capacity of 1 MW, across various locations in Telangana. The projects will be implemented under the “Indira Mahila Shakti Scheme” by women self-help groups (SHGs). The scope of work includes the design, supply, installation, testing, commissioning, and integration of a remote monitoring system (RMS), along with five years of operation…