Author: PPD Team Date: 03/12/2024
Shimato Enterprises Private Limited signed a term sheet agreement with Constronics Infra Limited for the development of a 21 MW solar power project in Virudhunagar, Tamil Nadu on November 29, 2024.
As per the agreement, Shimato Enterprises along with its subsidiaries and associates will acquire land, design, supply and install the solar power project along with comprehensive Operation and Maintenance (O&M) on turnkey basis.
Author: PPD Team Date: 03/12/2024 Siemens and Tietoevry, a Nordic digital engineering and software company, have joined forces to enhance the digital transformation of the power utilities sector in Northern and Central Europe. The collaboration integrates Siemens’ Gridscale X software platform with Tietoevry’s IT services, offering advanced solutions for grid operators to manage energy transition challenges effectively. Tietoevry’s energy solutions aim to digitalize the energy value chain, improve customer experience, enhance business performance, and boost…
Author: PPD Team Date: 21/11/2024 The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will be handed…
Author: PPD Team Date: 15/10/2024 Gautam Solar plans to increase its solar module manufacturing capacity to 5 GW by 2025, with the first phase of expansion to be completed in November 2024, followed by phases in January and April 2025. The Rs 100 billion project will be funded through an IPO, expected in the next 12-18 months. The IPO will also support the construction of a 2-GW solar cell plant. Gautam Solar’s contribution could account…
Author: PPD Team Date: 24/02/2025 GE Power India Limited has received work orders worth Rs 403.38 million from NTPC Limited and M.P. Power Generating Company Limited for supplying steam turbine parts and boiler panel services. The order from NTPC Limited involves supplying steam turbine parts for the Talcher site, to be executed over 15 months. The order from M.P. Power Generating Company Limited includes boiler panel services, scheduled for completion within 80 days. Earlier in…
Author: PPD Team Date: 12/09/2024 Grew Energy has signed a module supply agreement with BluPine Energy Private Limited for a solar project in Banaskantha, Gujarat. Grew Energy will provide BluPine with advanced TOPCON modules, commonly used in commercial and industrial solar power projects. In May 2024, Grew Energy announced plans to build a fully backward-integrated manufacturing plant in Kathua, Jammu & Kashmir, with an investment of Rs 4.5 billion. BluPine Energy, which has a 4…
Author: PPD Team Date: 28/10/2024 Shell Energy North America (SENA), a subsidiary of Shell, has agreed to acquire a 609 MW, two-unit combined-cycle gas turbine power plant located in Johnston, Rhode Island, US. The purchase agreement has been signed with RISEC Holdings, a subsidiary of EGCO RISEC II, and Carlyle’s subsidiaries, Cogentrix RISEC CPOCP and Cogentrix RISEC CPP II. EGCO RISEC II, part of Thailand’s Electricity Generating Public Company (EGCO), will divest 49% of its…