Author: PPD Team Date: November 13, 2024
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24.
EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Author: PPD Team Date: January 12, 2026 The United States has announced its withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC) and more than 60 international treaties and organisations, stating that these memberships no longer align with U.S. interests. The exit covers several major climate and energy institutions. These include the UNFCCC, the 1992 treaty that underpins global climate cooperation, the Intergovernmental Panel on Climate Change (IPCC), the International Renewable Energy Agency…
Author: PPD Team Date: November 13, 2024 Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia…
Author: PPD Team Date: October 28, 2024 Copenhagen Energy and PetroGreen Energy Corporation have obtained the Green Lane Certificate from the Philippine Board of Investments for their joint floating offshore wind projects under BuhaWind Energy Philippines. This certification will accelerate the permit process, facilitating faster development of their planned 4 GW offshore wind farms. The initiative includes three projects: A 2 GW wind farm in Northern Luzon, targeted for operation by 2030. A 1 GW…
Author: PPD Team Date: May 21, 2025 The Government of Kerala (GoK) has leased 50 acres of land to Kochi Metro Rail Limited (KMRL) for developing a 12 MW solar power project in Kasargod district. The lease term is 30 years, with an annual rent of Rs 3.205 million. The solar project will be set up at Ambalathara village in Hosdurg taluk. Power generated from the facility will be used to meet KMRL’s electricity requirements.
Author: PPD Team Date: February 2, 2025 The Economic Survey 2024-25 argues against shutting down coal-based power plants, citing a lack of economic rationale. It states that India should focus on becoming a developed country by 2047 before targeting net-zero emissions by 2070. India’s coal-fired power plants, mostly commissioned in the 2010s, still have substantial lifespans. Unlike the US and Europe, which can transition to natural gas, India relies on coal due to its reserves…
Author: PPD Team Date: March 24, 2025 Indian Railways (IR) is advancing its efforts to incorporate nuclear power into its energy mix, reviving discussions with the Department of Atomic Energy (DAE) and the Ministry of Power (MoP) to establish small nuclear power plants (NPPs). This follows an earlier attempt in 2013, when IR explored a 400 MW nuclear power venture with the Nuclear Power Corporation of India (NPCIL). A proposed joint venture with DAE in…