Author: PPD Team Date: 18/12/2024
Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each.
The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
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…
Author: PPD Team Date: 06/12/2024 DMR Hydroengineering & Infrastructures Limited, in partnership with Fitchner GmbH & Co. KG, Germany, has been empanelled by THDC India Limited (THDCIL) as a consultant for the preparation of Detailed Project Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states in India. This empanelment was confirmed through a letter dated December 4, 2024.
Author: PPD Team Date: 06/11/2024 Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals. Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process. The C$41.4 million ($29.7 million) transaction involved…
Author: PPD Team Date: 23/01/2025 Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across various sectors, including utility-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, merchant power generation projects, commercial and industrial (C&I) solar projects, and solar module manufacturing facilities. The financing was secured through multiple transactions with a range of lenders, including public-sector banks like the State Bank of India and Union Bank, as well as financial…
Author: PPD Team Date: 14/01/2025 Waaree Energies Limited has signed an agreement to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L. The acquisition, valued at Rs 7.92 billion, is subject to customary closing adjustments. EGP India operates a renewable energy platform with a net capacity of approximately 640 MW AC (760 MW DC) and a project pipeline of 2,500 MW across multiple states in India. This…
Author: PPD Team Date: 21/11/2024 Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments)….
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…
Author: PPD Team Date: 06/12/2024 DMR Hydroengineering & Infrastructures Limited, in partnership with Fitchner GmbH & Co. KG, Germany, has been empanelled by THDC India Limited (THDCIL) as a consultant for the preparation of Detailed Project Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states in India. This empanelment was confirmed through a letter dated December 4, 2024.
Author: PPD Team Date: 06/11/2024 Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals. Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process. The C$41.4 million ($29.7 million) transaction involved…
Author: PPD Team Date: 23/01/2025 Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across various sectors, including utility-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, merchant power generation projects, commercial and industrial (C&I) solar projects, and solar module manufacturing facilities. The financing was secured through multiple transactions with a range of lenders, including public-sector banks like the State Bank of India and Union Bank, as well as financial…
Author: PPD Team Date: 14/01/2025 Waaree Energies Limited has signed an agreement to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L. The acquisition, valued at Rs 7.92 billion, is subject to customary closing adjustments. EGP India operates a renewable energy platform with a net capacity of approximately 640 MW AC (760 MW DC) and a project pipeline of 2,500 MW across multiple states in India. This…
Author: PPD Team Date: 21/11/2024 Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments)….
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…
Author: PPD Team Date: 06/12/2024 DMR Hydroengineering & Infrastructures Limited, in partnership with Fitchner GmbH & Co. KG, Germany, has been empanelled by THDC India Limited (THDCIL) as a consultant for the preparation of Detailed Project Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states in India. This empanelment was confirmed through a letter dated December 4, 2024.