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: 21/10/2024 India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI). The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15…
Author: PPD Team Date: 20/11/2024 French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled…
Author: PPD Team Date: 26/12/2024 Six companies have won bids to set up a total of 816 MW capacity under the 1,200 MW ISTS-Connected Solar Power Project (NTPC-02) anywhere in India, as announced on December 23, 2024. Bharat Petroleum Corporation Limited (BPCL) won 150 MW with a tariff of Rs 2.55 per kWh. Onward Solar Power Private Limited secured 50 MW with a tariff of Rs 2.59 per kWh. ReNew Solar Power Private Limited (ReNew…
Author: PPD Team Date: 23/01/2025 Mitsubishi Power, part of Mitsubishi Heavy Industries, has completed the 1.4GW Hin Kong natural gas-fired gas turbine combined cycle (GTCC) power plant in Thailand. The plant, a joint venture between RATCH Group and Gulf Energy Development, features two advanced M701JAC gas turbines. The second turbine began commercial operations 100km west of Bangkok, following the first turbine’s operational start in March 2024. Mitsubishi Power will continue supporting the plant under a…
Author: PPD Team Date: 25/11/2024 Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near Geomundo Island in Yeosu City, Jeollanam-do Province. This project marks SRE Group’s debut in South Korea and its second international venture, following its expansion into Northern Kyushu, Japan. The South Korean government has granted an electricity business license…
Author: PPD Team Date: 12/02/2025 Juniper Green Energy Limited has secured Rs 86.82 billion in phased debt financing to develop renewable energy (RE) projects in India, including wind-solar hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The financing has been arranged from multiple institutions, including Power Finance Corporation Limited (PFC), DBS Bank, Hongkong and Shanghai Banking Corporation (HSBC), and the Indian Renewable Energy Development Agency Limited (IREDA). This financing will enhance the company’s operational…
Author: PPD Team Date: 21/10/2024 India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI). The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15…
Author: PPD Team Date: 20/11/2024 French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled…
Author: PPD Team Date: 26/12/2024 Six companies have won bids to set up a total of 816 MW capacity under the 1,200 MW ISTS-Connected Solar Power Project (NTPC-02) anywhere in India, as announced on December 23, 2024. Bharat Petroleum Corporation Limited (BPCL) won 150 MW with a tariff of Rs 2.55 per kWh. Onward Solar Power Private Limited secured 50 MW with a tariff of Rs 2.59 per kWh. ReNew Solar Power Private Limited (ReNew…
Author: PPD Team Date: 23/01/2025 Mitsubishi Power, part of Mitsubishi Heavy Industries, has completed the 1.4GW Hin Kong natural gas-fired gas turbine combined cycle (GTCC) power plant in Thailand. The plant, a joint venture between RATCH Group and Gulf Energy Development, features two advanced M701JAC gas turbines. The second turbine began commercial operations 100km west of Bangkok, following the first turbine’s operational start in March 2024. Mitsubishi Power will continue supporting the plant under a…
Author: PPD Team Date: 25/11/2024 Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near Geomundo Island in Yeosu City, Jeollanam-do Province. This project marks SRE Group’s debut in South Korea and its second international venture, following its expansion into Northern Kyushu, Japan. The South Korean government has granted an electricity business license…
Author: PPD Team Date: 12/02/2025 Juniper Green Energy Limited has secured Rs 86.82 billion in phased debt financing to develop renewable energy (RE) projects in India, including wind-solar hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The financing has been arranged from multiple institutions, including Power Finance Corporation Limited (PFC), DBS Bank, Hongkong and Shanghai Banking Corporation (HSBC), and the Indian Renewable Energy Development Agency Limited (IREDA). This financing will enhance the company’s operational…
Author: PPD Team Date: 21/10/2024 India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI). The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15…
Author: PPD Team Date: 20/11/2024 French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled…