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: March 12, 2026 The government is preparing PM-KUSUM 2.0 with a dedicated 10 GW agrivoltaic (agri-PV) component to support the co-location of solar panels with agricultural crops. Union Minister for New and Renewable Energy Pralhad Joshi announced the proposal at the 4th National Agro-RE Summit held in New Delhi on March 10, 2026. The planned component aims to allow farmers to generate electricity while continuing cultivation on the same land, creating…
Author: PPD Team Date: January 16, 2025 The Tripura Renewable Energy Development Agency (TREDA) has set a target of installing 10,895 solar-powered pumps for irrigation in rural farmlands under the PM KUSUM scheme. Of the target, 3,616 pumps have already been installed, providing irrigation to 7,232 acres of farmland and benefiting 3,616 marginal farmers. Work is underway for the installation of an additional 5,051 pumps, with steps being taken to establish the remaining 2,264 pumps…
Author: PPD Team Date: May 7, 2025 Coal India Limited (CIL) signed a Memorandum of Understanding (MoU) with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on May 5, 2025, to set up 500 MW of solar power projects in Uttar Pradesh. The MoU also provides for future collaboration between CIL and UPRVUNL for additional clean energy opportunities in the state. CIL is targeting 3,000 MW of solar capacity by FY 2025–26. This target is…
Author: PPD Team Date: February 13, 2026 Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Bellary Davanagere Power Transmission Limited, a project-specific special purpose vehicle (SPV) formed for “Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW) and Bellary (2.75 GW).” The transaction was finalised on February 12, 2026, after POWERGRID emerged as the successful bidder in a tariff-based competitive bidding (TBCB) process conducted by REC Power…
Author: PPD Team Date: August 25, 2025 Power Finance Corporation Ltd (PFC) has announced the incorporation of SR and ER Power Transmission Limited as a wholly owned subsidiary of PFC Consulting Ltd, according to its stock exchange filing dated August 22, 2025. The special-purpose vehicle has been created for the development of the “Inter-Regional Strengthening between SR Grid and ER Grid” project. The scheme has an estimated cost of Rs 27.1 billion. The Ministry of…
Author: PPD Team Date: February 14, 2025 The Ministry of New and Renewable Energy (MNRE) has released draft guidelines outlining the design, specifications, performance, and testing for solar cold storage systems equipped with thermal energy storage (TES) backup. These systems are primarily powered by solar photovoltaic (PV) energy, with TES providing backup cooling during non-solar hours, ensuring uninterrupted refrigeration for agricultural produce, dairy, fisheries, and pharmaceutical products. The guidelines define standards for solar cold storage…