Author: PPD Team Date: 16/09/2024
Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility.
Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as KSB Pumps, Dabur, and Inox Air Products.
Author: PPD Team Date: 27/03/2025 Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 2,323 million from Waaree Energies Limited for engineering, procurement, and construction (EPC) works. The contract is for setting up 170 MW/255 MWp capacity under Unit-III of the Neemuch Solar Power Park Project in Madhya Pradesh. The LoA was awarded on March 25, 2025. Waaree Forever Energies Limited, a subsidiary of Waaree Energies, had won the bid…
Author: PPD Team Date: 21/02/2025 The Government of West Bengal has allocated Rs 41,410 million for the Department of Power in the State Budget 2025-2026. A sum of Rs 816 million has been proposed for the Non-Conventional & Renewable Energy Sources department. Plans include the installation of static meters for 726,000 consumers, expansion of e-vehicle charging infrastructure at 187 locations, and a 125 MW ground-mounted solar power project in Goaltore, Paschim Medinipur. The government is…
Author: PPD Team Date: 23/10/2024 The Energy Market Authority (EMA) of Singapore has conditionally approved Sun Cable’s proposal to import 1.75 GW of low-carbon electricity from Australia. This electricity will be generated from solar power in Australia’s Northern Territory and transmitted to Singapore through a 4,300 km subsea cable. The project aims for commercial operations post-2035. To secure a conditional licence, Sun Cable must update its proposal to meet EMA’s conditions, including technical requirements, ensuring…
Author: PPD Team Date: 16/10/2024 The Ministry of Power (MoP) has launched the National Electricity Plan for transmission, targeting the transmission of 500 GW of renewable energy by 2030 and over 600 GW by 2032. The plan also addresses the need for 47 GW of battery energy storage systems and 31 GW of pumped storage plants. From 2022-23 to 2031-32, the plan aims to add over 191,000 circuit km of transmission lines and 1,270 GVA…
Author: PPD Team Date: 26/03/2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing…
Author: PPD Team Date: 31/12/2024 Power Grid Corporation of India Limited (PGCIL) and Megha Engineering and Infrastructures Limited (MEIL) are technically qualified for the selection of the transmission service provider (TSP) for the Augmentation of transformation capacity by 3×500 MVA, 400/220 kV ICTs (6th-8th) and 1×1,500 MVA, 765/400 kV ICT (4th) at Bidar PS in Karnataka. The selection is conducted through the tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT)…
Author: PPD Team Date: 27/03/2025 Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 2,323 million from Waaree Energies Limited for engineering, procurement, and construction (EPC) works. The contract is for setting up 170 MW/255 MWp capacity under Unit-III of the Neemuch Solar Power Park Project in Madhya Pradesh. The LoA was awarded on March 25, 2025. Waaree Forever Energies Limited, a subsidiary of Waaree Energies, had won the bid…
Author: PPD Team Date: 21/02/2025 The Government of West Bengal has allocated Rs 41,410 million for the Department of Power in the State Budget 2025-2026. A sum of Rs 816 million has been proposed for the Non-Conventional & Renewable Energy Sources department. Plans include the installation of static meters for 726,000 consumers, expansion of e-vehicle charging infrastructure at 187 locations, and a 125 MW ground-mounted solar power project in Goaltore, Paschim Medinipur. The government is…
Author: PPD Team Date: 23/10/2024 The Energy Market Authority (EMA) of Singapore has conditionally approved Sun Cable’s proposal to import 1.75 GW of low-carbon electricity from Australia. This electricity will be generated from solar power in Australia’s Northern Territory and transmitted to Singapore through a 4,300 km subsea cable. The project aims for commercial operations post-2035. To secure a conditional licence, Sun Cable must update its proposal to meet EMA’s conditions, including technical requirements, ensuring…
Author: PPD Team Date: 16/10/2024 The Ministry of Power (MoP) has launched the National Electricity Plan for transmission, targeting the transmission of 500 GW of renewable energy by 2030 and over 600 GW by 2032. The plan also addresses the need for 47 GW of battery energy storage systems and 31 GW of pumped storage plants. From 2022-23 to 2031-32, the plan aims to add over 191,000 circuit km of transmission lines and 1,270 GVA…
Author: PPD Team Date: 26/03/2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing…
Author: PPD Team Date: 31/12/2024 Power Grid Corporation of India Limited (PGCIL) and Megha Engineering and Infrastructures Limited (MEIL) are technically qualified for the selection of the transmission service provider (TSP) for the Augmentation of transformation capacity by 3×500 MVA, 400/220 kV ICTs (6th-8th) and 1×1,500 MVA, 765/400 kV ICT (4th) at Bidar PS in Karnataka. The selection is conducted through the tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT)…
Author: PPD Team Date: 27/03/2025 Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 2,323 million from Waaree Energies Limited for engineering, procurement, and construction (EPC) works. The contract is for setting up 170 MW/255 MWp capacity under Unit-III of the Neemuch Solar Power Park Project in Madhya Pradesh. The LoA was awarded on March 25, 2025. Waaree Forever Energies Limited, a subsidiary of Waaree Energies, had won the bid…
Author: PPD Team Date: 21/02/2025 The Government of West Bengal has allocated Rs 41,410 million for the Department of Power in the State Budget 2025-2026. A sum of Rs 816 million has been proposed for the Non-Conventional & Renewable Energy Sources department. Plans include the installation of static meters for 726,000 consumers, expansion of e-vehicle charging infrastructure at 187 locations, and a 125 MW ground-mounted solar power project in Goaltore, Paschim Medinipur. The government is…