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: January 16, 2025 The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed, attracting over $3bn in global investor interest. This inaugural bond, part of CCMM’s borrowing programme launched at COP29 in November 2024, aims to scale up clean technology and infrastructure projects in developing countries. Final pricing was set…
Author: PPD Team Date: October 28, 2024 The Asian Development Bank (ADB) has approved a $434.25 million loan to support renewable energy initiatives and enhance energy security in Assam. The project will establish a 500 MW grid-connected solar photovoltaic facility in the Karbi Anglong district, along with a grid-connected battery energy storage system to stabilize the grid and manage peak power demands. This initiative aligns with Assam’s renewable energy goals, contributing to the state’s renewable…
Author: PPD Team Date: July 24, 2025 Serentica Renewables has selected SANY Renewable to supply wind turbine generators (WTGs) for a 336 MW wind power project in Karnataka. Each turbine will have a rated capacity of 4 MW. Deliveries are scheduled to begin by December 2025. The project is part of Serentica’s plan to supply round-the-clock renewable energy to industrial consumers. The wind farm will use SANY’s high-capacity turbines, which are already in operation in…
Author: PPD Team Date: November 6, 2024 TechnipFMC and Prysmian have entered into a partnership to deliver a comprehensive solution for floating offshore wind projects, integrating expertise from the seabed to the ocean surface. This collaboration combines TechnipFMC’s proficiency in dynamic offshore system design with Prysmian’s leadership in submarine power cable systems. The agreement aims to streamline project delivery through a full engineering, procurement, construction, and installation (EPCI) model, optimizing mooring, anchoring, and both inter-array…
Author: PPD Team Date: August 26, 2025 The Union Power Ministry has identified six major hydropower projects in the Northeast as vulnerable. According to Minister of State for Power Shripad Naik, the Central Electricity Authority (CEA) classified these projects as vulnerable because they are situated above 1,500 metres and located as the first projects in their respective river basins in the upper Himalayan region. Such conditions increase exposure to flash floods, landslides, and other climate-related…
Author: PPD Team Date: December 18, 2024 Tion Renewables Group has completed a deal with EDP Renováveis (EDPR) to acquire a 104MW solar portfolio in Spain. The financial terms of the deal have not been disclosed. The portfolio consists of four operational solar parks: one in Aragon, which has been running since mid-2022, and three in Andalusia, which became operational in November 2024. The projects are secured with 15-year power purchase agreements (PPAs). The deal…