Author: PPD Team Date: December 4, 2024
Solex Energy Limited has won a Rs 188.74 million contract from Thenpandian Energy Innovations Private Limited to supply solar modules for a 13 MW solar photovoltaic (PV) power project in India.
The contract, awarded on November 30, 2024, involves the delivery of MONO BIFACIAL M10 PV modules.
The modules will be supplied within six months from the contract’s award date.
Author: PPD Team Date: July 17, 2025 The Union Cabinet has approved a major funding push across agriculture and renewable energy, with a combined outlay exceeding Rs 50,000 crore. The approval covers three flagship initiatives, including the Prime Minister Dhan-Dhaanya Krishi Yojana, and aims to improve productivity in 100 low-performing districts while enabling infrastructure that supports clean energy adoption. Under the scheme, Rs 24,000 crore has been earmarked for agricultural transformation over six years starting…
Author: PPD Team Date: December 24, 2024 The Central Electricity Regulatory Commission (CERC) has issued the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. The amendment addresses implementation challenges and refines operational procedures for solar projects. Under the updated guidelines, solar projects must conduct trial runs with a minimum capacity of 50 megawatts (MW). Projects exceeding 50 MW can complete trial runs in up to four instalments. For projects with a capacity…
Author: PPD Team Date: May 21, 2025 HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp) and another for 50 MW (70 MWp) of solar capacity. Both projects will…
Author: PPD Team Date: June 27, 2025 The World Bank Group has signed an agreement with the International Atomic Energy Agency (IAEA) to promote the safe and responsible use of nuclear energy in developing countries. The move marks the World Bank’s first direct engagement with nuclear power in decades. The memorandum of understanding focuses on three key areas: First, the IAEA will help the World Bank expand its knowledge of nuclear safety, new technologies, waste…
Author: PPD Team Date: June 18, 2025 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has incorporated Rajgarh Neemuch Power Transmission Limited as a new special purpose vehicle (SPV) for an inter-state transmission project in Madhya Pradesh. The new SPV was registered on June 17, 2025. The project is titled “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and…
Author: PPD Team Date: November 4, 2024 Rachel Reeves, the UK’s Chancellor of the Exchequer, delivered Labour’s first budget in over a decade, confirming a rise in the headline tax rate for the oil and gas industry to 78%, one of the highest globally. This tax will also extend until 31 March 2030. The UK Offshore Energies Association (OEUK) warned in September that the tax would threaten jobs and disrupt progress toward net-zero targets, stressing…