Author: PPD Team Date: December 17, 2024
Sukhbir Agro Energy Limited (SAEL) is planning to establish 1,200 MW of renewable energy (RE) power projects in Andhra Pradesh.
The project will be developed in two phases, with each phase consisting of 600 MW.
Author: PPD Team Date: December 5, 2024 Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector. The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000…
Author: PPD Team Date: June 3, 2025 Inox Wind Limited has announced its highest-ever quarterly and annual profits for the financial year ending March 31, 2025. The company reported strong growth across all key financial and operational metrics. In Q4 FY 2024-25, Inox Wind recorded a total revenue of Rs 13.11 billion, marking a 130% year-on-year (YoY) increase from Rs 5.69 billion in Q4 FY 2023-24. EBITDA for the quarter rose 103% YoY to Rs…
Author: PPD Team Date: December 3, 2024 Mahindra Susten Private Limited has incorporated a wholly owned subsidiary, Steer Hybren Private Limited, to implement renewable energy projects across India. Established on November 29, 2024, in Mumbai, Steer Hybren will operate as an Independent Power Producer (IPP), focusing on the production and distribution of power. The company plans to develop rooftop solar power installations for commercial, industrial, institutional, and residential sectors, in addition to setting up energy…
Author: PPD Team Date: December 9, 2024 CPS Energy has teamed up with OCI Energy to develop a 120MW/480MWh battery energy storage system (BESS) in southeastern Bexar County, Texas. The Alamo City ESS LLC project is set to be operational by late 2026. OCI Energy will handle the development, financing, construction, ownership, and operation of the system, while CPS Energy will maintain operational control to ensure the electrical demand in the San Antonio region is…
Author: PPD Team Date: February 26, 2025 India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial panel has been set up to determine which states require urgent funding, develop a fiscal discipline framework to prevent further debt accumulation, and explore ways to attract private investment. If approved, this would be…
Author: PPD Team Date: December 19, 2024 Inox Wind Limited has secured a contract from Serentica Renewables India Private Limited (SRIPL) to supply 3 MW-class Wind Turbine Generators (WTGs) for a 60 MW wind power project. The project is part of a wind-solar hybrid development in Karnataka. Awarded on December 18, 2024, the contract includes equipment supply and multi-year Operations and Maintenance (O&M) services post-commissioning. The WTGs are scheduled for delivery by June 2025.