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: November 29, 2024 On 27 November 2024, NHPC signed a power sale agreement (PSA) with Uttar Pradesh Power Corporation Limited (UPPCL) for the supply of 1,280 MW of Firm and Dispatchable Renewable Energy (FDRE). The agreement, formalized in Lucknow, is part of the Ministry of New and Renewable Energy’s (MNRE) Renewable Energy Implementing Agency (REIA) scheme. FDRE combines renewable energy benefits with grid stability to ensure consistent dispatch and availability. Under…
Author: PPD Team Date: January 15, 2025 Orb Energy, a vertically integrated solar energy solutions provider, has crossed Rs 3 billion in financing disbursements through its zero-collateral, zero-down-payment in-house finance facility. This milestone underscores the company’s commitment to enabling Indian micro, small, and medium enterprises (MSMEs) and small- and medium-sized businesses (SMBs) to transition to solar energy. Orb Energy’s financing solutions address the high upfront costs that often deter solar adoption among SMEs. The company…
Author: PPD Team Date: January 2, 2025 Aether Industries has commissioned a 15 MW solar power project in Bharuch, Gujarat, in partnership with KPIG Energia, a subsidiary of KPI Green Energy. The project, under the captive power producer segment, features advanced auto-tracker modules that optimize energy output by aligning with the sun’s trajectory. This installation aligns with Aether Industries’ Environmental, Social, and Governance (ESG) goals and is expected to save over Rs 150 million annually…
Author: PPD Team Date: October 17, 2024 Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia. This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was…
Author: PPD Team Date: October 15, 2024 Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy…
Author: PPD Team Date: September 15, 2025 Adani Power Limited has entered into a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Limited (BSPGCL) for 2,400 megawatts (MW) of electricity from a proposed ultra-supercritical thermal power plant in Bhagalpur district. The PSA was signed on September 12, 2025, following the Letter of Award issued to the company in August. The project will be developed at Pirpainti, Bhagalpur, under the Design, Build, Finance,…