Author: PPD Team Date: 11/12/2024
Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan.
The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Author: PPD Team Date: 20/12/2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved Himachal Pradesh State Electricity Board Limited (HPSEBL) to procure 550 MW of ISTS-connected solar power from the Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 2.56 per kWh, with an additional trading margin of Rs 0.07 per kWh payable to SECI. This power procurement is part of SECI’s 1,500 MW ISTS-connected solar power projects tender…
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 02/01/2025 Aether Industries has commissioned a 15 MW solar power project in Bharuch, Gujarat, in partnership with KPIG Energia, a subsidiary of KPI Green Energy. The project, under the captive power producer segment, features advanced auto-tracker modules that optimize energy output by aligning with the sun’s trajectory. This installation aligns with Aether Industries’ Environmental, Social, and Governance (ESG) goals and is expected to save over Rs 150 million annually in energy…
Author: PPD Team Date: 15/01/2025 Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have agreed to acquire a 19.9% stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. KKR and PSP Investments have established a 50/50 strategic partnership to complete the acquisition. The investment will support AEP in addressing increasing customer demand and improving grid reliability. AEP will retain majority ownership and…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Author: PPD Team Date: 20/12/2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved Himachal Pradesh State Electricity Board Limited (HPSEBL) to procure 550 MW of ISTS-connected solar power from the Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 2.56 per kWh, with an additional trading margin of Rs 0.07 per kWh payable to SECI. This power procurement is part of SECI’s 1,500 MW ISTS-connected solar power projects tender…
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 02/01/2025 Aether Industries has commissioned a 15 MW solar power project in Bharuch, Gujarat, in partnership with KPIG Energia, a subsidiary of KPI Green Energy. The project, under the captive power producer segment, features advanced auto-tracker modules that optimize energy output by aligning with the sun’s trajectory. This installation aligns with Aether Industries’ Environmental, Social, and Governance (ESG) goals and is expected to save over Rs 150 million annually in energy…
Author: PPD Team Date: 15/01/2025 Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have agreed to acquire a 19.9% stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. KKR and PSP Investments have established a 50/50 strategic partnership to complete the acquisition. The investment will support AEP in addressing increasing customer demand and improving grid reliability. AEP will retain majority ownership and…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Author: PPD Team Date: 20/12/2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved Himachal Pradesh State Electricity Board Limited (HPSEBL) to procure 550 MW of ISTS-connected solar power from the Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 2.56 per kWh, with an additional trading margin of Rs 0.07 per kWh payable to SECI. This power procurement is part of SECI’s 1,500 MW ISTS-connected solar power projects tender…