Author: PPD Team Date: January 20, 2025
Sterling and Wilson Renewable Energy Limited (SWERL) posted a net profit of Rs 0.17 billion for the quarter ending December 2024, recovering from a net loss of Rs 0.62 billion in the same quarter last year.
The company’s total income surged by 202.13% to Rs 18.43 billion during the quarter, compared to Rs 6.10 billion in the corresponding period of 2023.
Author: PPD Team Date: November 4, 2024 The Andhra Pradesh government has announced plans to set up Renewable Energy Zones (REZs) and a dedicated university for green energy and circular economy as part of its Integrated Clean Energy Policy (ICEP). These initiatives aim to attract large-scale investments and foster clean energy production within the state. The state will provide Viability Gap Funding (VGF) to support ultra-modern green energy power plants and has set a 20%…
Author: PPD Team Date: May 6, 2025 Adani Green Energy Sixty Nine Limited, a wholly owned step-down subsidiary of Adani Green Energy Limited (AGEL), has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 400 MW of solar power. The power will be sourced from a grid-connected solar photovoltaic project in Rajasthan. This agreement is part of AGEL’s ongoing expansion in renewable energy. Separately, Adani Power Limited has announced a capital…
Author: PPD Team Date: December 11, 2024 Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The plant aims to generate 742MW of low-carbon electricity, enough to power one million…
Author: PPD Team Date: April 4, 2025 NHPC Limited has started commercial operations for 31 MW of solar capacity under its 1,000 MW grid-connected solar PV power project (CPSU Tranche-III) in Bikaner, Rajasthan. The milestone was achieved on March 31, 2025. The project is being executed in phases, with full commissioning expected by August 2025. A 300 MW part of the project is under development by Tata Power Solar Systems Limited on an engineering, procurement,…
Author: PPD Team Date: September 10, 2025 Italy may struggle to achieve its carbon reduction goals because of delays in renewable energy deployment and energy storage projects, according to a Reuters report citing a study by Edison and TEHA Group. The country could require up to ten additional years to develop the necessary green infrastructure. The study highlights that streamlined permitting, investment certainty, and effective energy cost management are critical for Italy to stay on…
Author: PPD Team Date: November 22, 2024 REPLUS Engitech has signed a Memorandum of Understanding (MoU) with Green Power Monitor (GPM) to deploy advanced AI-enabled Energy Management Systems (EMS) and Power Plant Controllers (PPC) in India and global markets. This collaboration aims to strengthen grid security, stability, and the integration of Battery Energy Storage Systems (BESS) with renewable energy solutions. GPM’s PPC, a sophisticated digital control system, manages active and reactive power, frequency, voltage, power…