Author: PPD Team Date: 28/11/2024
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CEA clarifies energy storage mandate for solar projects
Author: PPD Team Date: 03/04/2025 The Central Electricity Authority (CEA) has confirmed that the recently announced requirement to co-locate energy storage systems (ESS) with solar power plants will apply only to future tenders. Ongoing and past projects, including schemes like the PM Surya Ghar Muft Bijli Yojana, will continue under their existing rules without any new ESS obligations. Earlier, the Ministry of Power had issued an advisory recommending that all renewable energy implementing agencies include…
UK announces £410m fusion energy investment for Nottinghamshire project
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Amarenco secures €500 million in debt financing for solar projects across Europe
Author: PPD Team Date: 05/12/2024 Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will support the construction of solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debt. The agreement includes a €150 million accordion facility, designed to enhance Amarenco’s operational capacity, reduce financial risk, and improve project execution timelines. …
L&T emerges as lowest bidder for reactor and turbine works at Kudankulam 5 & 6
Author: PPD Team Date: 21/04/2025 Larsen & Toubro Limited (L&T) has emerged as the lowest bidder (L1) for erection works at the Kudankulam Nuclear Power Plant Units 5 and 6. L&T quoted Rs 13.14 billion for the contract invited by Nuclear Power Corporation of India Limited (NPCIL) in April 2024. The scope includes erection of nuclear reactor systems and turbine systems. It covers equipment such as generators, condensers, sea water systems, cranes, and other associated…
Karnataka signs MoU with Paschim Renewables for 30 MW solar project
Author: PPD Team Date: 19/02/2025 The Government of Karnataka (GoK) has signed a Memorandum of Understanding (MoU) with Paschim Renewables Private Limited (PRPL) to develop a 30 MW solar power project in Raichur district. The project, expected to be completed in 2025, will require an investment of around Rs 1.5 billion and is projected to generate approximately 45 million units of electricity annually. Paschim Group is working toward building a clean energy platform in India…