Author: PPD Team Date: 25/10/2024
Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a letter of intent (LoI) to develop solar power projects with a total capacity of 9 MW under the company’s captive power producer (CPP) segment.
The projects are scheduled for completion in various tranches by May 2025.
Author: PPD Team Date: 13/01/2025 Envision Energy signed an agreement with Juniper Green Energy Private Limited on January 9, 2025, to supply wind turbine generators (WTGs) and battery energy storage systems (BESS) for renewable energy projects across India. Key agreements include: 200 units of EN-182 WTGs: Each with a rated capacity of 5 MW, to be used in Juniper Green’s 1,000 MW wind power projects, won in state and central auctions. 320 MWh BESS system:…
Author: PPD Team Date: 12/12/2024 NHPC Limited has successfully concluded its tranche VI auction, awarding 1,200 MW of firm and dispatchable renewable energy (FDRE) projects integrated with energy storage systems and connected to the inter-state transmission system (ISTS). The auction also included a greenshoe option of 1,200 MW. Jevargi Solar Power was awarded 150 MW at Rs 4.48 per kWh, while Juniper Green Energy and Avaada Energy secured 200 MW and 600 MW, respectively, at…
Author: PPD Team Date: 24/01/2025 The Telangana government has signed a memorandum of understanding (MoU) with Akshat Greentech, a subsidiary of Mytrah Energy, to establish a solar cells and modules manufacturing facility in Hyderabad. The agreement was finalized during the World Economic Forum 2025 in Davos. The facility will have a production capacity of 6.9 GW each for solar cells and modules, requiring an investment of Rs 70 billion. It is expected to create over…
Author: PPD Team Date: 20/01/2025 Indian Renewable Energy Development Agency Ltd. (IREDA) has finalized a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) to develop the 900 MW Upper Karnali Hydroelectric Project in Nepal. The agreement outlines a framework for project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model. The project will operate for 25 years from the Commercial Operation Date (CoD). The agreement was formalized in…
Author: PPD Team Date: 13/12/2024 Spanish utility Iberdrola is considering the sale of its UK smart metering business, aiming to raise £1 billion ($1.27 billion), according to Reuters. The company is working with the Royal Bank of Canada as an adviser on the deal, though the sale process is in its early stages and no deal is guaranteed. The potential sale is part of Iberdrola’s larger £24 billion investment plan for its UK arm, ScottishPower,…
Author: PPD Team Date: 23/12/2024 The Board of Directors (BoD) of Kovalam Investment and Trading Company Limited has approved an investment for setting up decentralised solar power projects in Madhya Pradesh. The decentralised solar power projects would be set up under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme of Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) in the state.