Author: PPD Team Date: 18/12/2024
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MoP issues advisory on co-locating energy storage with solar projects
Author: PPD Team Date: 20/02/2025 The Ministry of Power (MoP) has issued an advisory to all state governments, central generating stations, and renewable energy implementing agencies (REIAs) on integrating energy storage systems (ESS) with solar power projects. The initiative aims to improve grid stability, reliability, and cost efficiency as India targets 500 GW of non-fossil fuel capacity by 2030. ESS will play a crucial role in improving grid reliability and optimising energy utilisation by storing…
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Author: PPD Team Date: 10/07/2025 Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing plant for high-efficiency solar DCR (domestic content requirement) cells and solar photovoltaic (PV) modules. The…
Aarti Drugs to acquire 26.25% stake in Prozeal’s solar power project SPV
Author: PPD Team Date: 07/02/2025 Aarti Drugs Limited has signed a share subscription and shareholders agreement with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Prozeal Green Power Nine Private Limited, for setting up a 19.36 MW/24.4 MWp solar power project in India. Under the agreement, Aarti Drugs will acquire a 26.25 per cent equity stake in the SPV, which will be responsible for the development and Operation and Maintenance (O&M) of…
QPEEL secures Rs 197 million reactor order for renewable energy grid integration
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European Commission and Moldova agree on strategy for energy resilience
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Haryana’s vehicle curbs and EV shift to impact electricity demand
Author: PPD Team Date: 18/06/2025 The Government of Haryana has announced a phased action plan to control air pollution in the National Capital Region (NCR). From January 1, 2026, only electric or compressed natural gas (CNG)-powered two-wheelers, light commercial vehicles, and N1-category large goods vehicles will be allowed to join vehicle fleets in NCR districts. All new autorickshaws must also be electric or CNG-based. A complete ban on non-BS-VI compliant goods vehicles, including those carrying…
MoP issues advisory on co-locating energy storage with solar projects
Author: PPD Team Date: 20/02/2025 The Ministry of Power (MoP) has issued an advisory to all state governments, central generating stations, and renewable energy implementing agencies (REIAs) on integrating energy storage systems (ESS) with solar power projects. The initiative aims to improve grid stability, reliability, and cost efficiency as India targets 500 GW of non-fossil fuel capacity by 2030. ESS will play a crucial role in improving grid reliability and optimising energy utilisation by storing…
Shakti Pumps raises Rs 2.93 billion through QIP
Author: PPD Team Date: 10/07/2025 Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing plant for high-efficiency solar DCR (domestic content requirement) cells and solar photovoltaic (PV) modules. The…