Author: PPD Team Date: 04/12/2024
Solar Industries India and its subsidiary have secured export orders worth Rs 20.39 billion for the supply of defence products to international clients.
The deliveries will span four years.
In November, the company received another export order valued at Rs 3.99 billion from an overseas customer, to be fulfilled within three years.
Author: PPD Team Date: 19/12/2024 The US Department of Energy (DoE) has provided a conditional commitment for a $15 billion loan to California-based electric utility PG&E. If finalized by the DoE’s Loan Programs Office (LPO), the loan will support multiple energy projects in California and strengthen the state’s energy infrastructure, helping achieve both federal and state climate goals. The upgrades will include advanced sensors, telemetry, and controls to support two-way power flow, enhancing grid resilience…
Author: PPD Team Date: 28/10/2024 Insolation Green Energy Private Limited has received a purchase order to supply solar photovoltaic (PV) modules for NTPC’s Khavada site in Gujarat. The order, valued at Rs 2.08 billion, includes 150 MW of 550 Wp solar PV modules, with execution planned for the fiscal year 2024-25.
Author: PPD Team Date: 03/12/2024 PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV), Kurnool-III PS RE Transmission, for the Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects. The project will be implemented through tariff-based competitive bidding (TBCB), with PFCCL serving as the bid process coordinator (BPC). The initiative addresses the need for immediate integration and evacuation of power from additional…
Author: PPD Team Date: 11/12/2024 AM Green Ammonia India has entered into a binding power purchase agreement (PPA) with Gentari through its subsidiary, Gentari Renewables India Castor One. Under this long-term agreement, Gentari will supply 650 MW of round-the-clock (RTC), carbon-free energy to power AMG Ammonia’s upcoming green ammonia facilities. Gentari will develop approximately 2400 MWp of renewable energy capacity, comprising solar and wind, across Andhra Pradesh and Karnataka. This will be integrated with 350…
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…
Author: PPD Team Date: 23/12/2024 The European Investment Bank (EIB) and Portuguese utility EDP have signed two loan agreements worth €700 million ($726.8 million) to fund renewable energy projects and expand the power grid in southern Europe. A €500 million loan, part of a €900 million green framework, will support EDP Renewables in deploying 1,943 MW of solar and onshore wind capacity across Portugal, Spain, and Italy by 2026. These installations will generate green energy…