Author: PPD Team Date: November 5, 2024
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year.
Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: January 28, 2026 The Madhya Pradesh government is in the process of finalising agreements for setting up 4,000 MW of new thermal power capacity in Anuppur district. The projects involve an estimated investment of around Rs 60,000 crore, with power generation expected to begin from 2030. The agreements follow the state government’s approval to procure 4,000 MW of electricity from new thermal power projects. Madhya Pradesh Power Management Company Limited (MPPMCL)…
Author: PPD Team Date: November 21, 2024 Renewable infrastructure developer Field Energy has acquired the 200MW Hartmoor battery storage project from Clearstone Energy, expanding its 11GW portfolio of battery storage projects across Europe. Located near Hartlepool, County Durham, the Hartmoor facility can store 800MWh of electricity, enough to power 500,000 homes for four hours when fully charged. The Hartmoor project will play a critical role in balancing electricity supply and demand, stabilizing the grid, and…
Author: PPD Team Date: June 19, 2025 The Parsa East and Kanta Basan (PEKB) coal mine in Surguja, Chhattisgarh, has become the first coal mine in the state — and among the first in India — to achieve full energy self-sufficiency using solar power. Operated by Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL), the mine now relies entirely on solar energy for its internal operations. A 9 MW solar power plant, developed by Mundra Solar…
Author: PPD Team Date: October 24, 2024 The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation…
Author: PPD Team Date: October 18, 2024 Ohmium International has signed a term sheet with SwitcH2 BV, a renewable energy joint venture involving BW Offshore, to develop PEM electrolyser systems for a 300 MW offshore floating green hydrogen and ammonia synthesis project. The agreement involves the supply of 300 MW PEM electrolyser solutions, which will be installed on SwitcH2’s 268-meter FPSO vessel. The electrolysers will harness solar and wind energy, combined with treated seawater, to…
Author: PPD Team Date: July 14, 2025 The pooling station for evacuating 426 MW from Heo and Tato-I hydro projects in Arunachal Pradesh has been shifted from Naying to Kaying due to land constraints, according to a revised plan under the North Eastern Region Generation Scheme-III (NERGS-III). NERGS-III is a transmission scheme to evacuate power from NEEPCO’s Heo (3×80 MW) and Tato-I (3×62 MW) hydroelectric projects located in Shi-Yomi district. The original plan included a…