Author: PPD Team Date: October 15, 2024
Sterling and Wilson Renewable Energy Ltd (SWREL) has reported its highest-ever outstanding order book, exceeding Rs 1,050 billion as of October 14, 2024.
In Q2 FY25 (July to September), SWREL recorded an order inflow of approximately Rs 205 billion, including an Rs 82.3 billion order received on October 14. All orders were from the domestic market.
Author: PPD Team Date: January 29, 2025 BAJEL Projects Limited, formerly Bajaj Electricals Limited, has received a Notification of Award from Power Grid Corporation of India Limited (PGCIL) for Transmission Line Package TL03. The contract involves constructing a 120 km, 765 kV double-circuit transmission line (Dausa – Ghiror Part-III) under the Rajasthan Renewable Energy Zone (REZ) Phase-IV (Part-4: 3.5 GW) evacuation system. PGCIL invited bids in September 2024, and the project is expected to be…
Author: PPD Team Date: October 8, 2025 Indian Energy Exchange (IEX) recorded electricity traded volume of 35,217 MU (excluding TRAS) in Q2 FY26, up 16.1% year-on-year. TRAS volumes rose to 603 MU from 16.9 MU in Q2 FY25. Renewable Energy Certificate (REC) trading declined 30% to 44.22 lakh during the quarter. Higher supply from hydro, wind, and coal-based generation increased market liquidity, resulting in lower prices. The Day-Ahead Market (DAM) cleared at Rs 3.93/unit, down…
Author: PPD Team Date: May 7, 2025 Crescentia Technology Private Limited, the special purpose vehicle (SPV) of Bhagyanagar India Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. The project will be developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program at various…
Author: PPD Team Date: November 5, 2024 Avantus has announced the sale of its Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Situated in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage, accompanied by a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS). Avantus spearheaded the initial development, handling interconnection, site acquisition, permitting, commercial negotiations with APS,…
Author: PPD Team Date: October 21, 2024 Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with US-based Clean Core Thorium Energy (CCTE) to provide efficient clean energy solutions globally. The partnership focuses on deploying nuclear power, especially in developing countries needing substantial carbon-free electricity. The collaboration will utilize CCTE’s ANEEL (Advanced Nuclear Energy for Enriched Life) fuel, designed for pressurized heavy water reactors like CANDU. This fuel combines thorium and high assay…
Author: PPD Team Date: January 10, 2025 Uniper has completed the sale of its 428MW Gönyű gas-fired power plant in Hungary to French utility Veolia. The financial terms were not disclosed. The transaction transferred 100% of Uniper Hungary Energetikai’s shares to Veolia Invest Hungary, an affiliate of Veolia, following a February 2024 agreement. The Gönyű plant, operational since 2011, was refurbished in 2017 and 2021. Veolia’s acquisition expands its portfolio to 2.4 GW, enough to…