Servotech secures solar pump order in Uttar Pradesh
Author: PPD Team Date: December 31, 2024
Author: PPD Team Date: December 31, 2024
Servotech Renewable Power System Limited has secured an order to install 1,094 grid-connected solar-powered agriculture pumps under the PM KUSUM Scheme’s Component C-1.
The Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA) awarded the project, valued at approximately Rs 310 million.
The project includes manufacturing, supply, installation, testing, and commissioning of solar pumps, along with solar power plants. Servotech will also provide a five-year warranty and maintenance service. The pumps, with capacities of 2 HP to 5 HP, will be paired with solar power plants of 3 kW, 4.5 kW, and 7.5 kW across Uttar Pradesh.
Author: PPD Team Date: October 23, 2024 Danish energy company Ørsted has submitted a proposal for the Long Island Wind project to the New York State Energy Research and Development Authority (NYSERDA). The project is designed to generate over 1.4GW of offshore wind energy, supplying renewable power to one million homes in New York, and is expected to begin commercial operations by 2033. Long Island Wind is a key component of Ørsted’s Northeast Hub, supporting…
Author: PPD Team Date: December 24, 2024 Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase, attracting Rs 137.73 billion. Only one loan was made for wind energy projects,…
Author: PPD Team Date: September 16, 2024 Sumitomo Corporation has formed a joint venture with AMPIN Energy Transition Pvt Ltd to form AMPIN C&I Power Pvt Ltd for developing renewable energy assets in India and promoting corporate Power Purchase Agreements (PPAs) for supplying renewable electricity to businesses. The total project cost is approximately 100 billion yen and is expected to create a 1 GW portfolio of renewable energy assets backed by corporate PPAs. The joint…
Author: PPD Team Date: October 17, 2024 The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,094 MW of solar module capacity, bringing the total capacity to 58,422 MW. Major additions include SAEL Solar P6 with 2,065 MW and Grew Energy with 29 MW. Meanwhile, ITI, Jyotitech Solar, SunField Energy, and Suryakamal Energy have been removed from the list. New entrants on the provisional…
Author: PPD Team Date: November 7, 2025 The West Bengal State Electricity Distribution Company Limited (WBSEDCL) has invited bids for the supply, installation, operation, and management of electric vehicle (EV) charging and battery-swapping stations across the state. The tender aims to establish 245 stations at key locations, including Kolkata and major national and state highways, under a revenue-sharing model. According to the tender, the government will provide land for the project, while selected bidders will…
Author: PPD Team Date: February 27, 2025 Indian Railway Finance Corporation (IRFC) has sanctioned a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited. In January 2025, NTPC REL invited bids for up to Rs 200 billion for capital expenditure on various projects, including loan refinancing and general corporate purposes. The funding will support the development of renewable energy projects, including solar, wind,…