Author: PPD Team Date: October 30, 2024
Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion.
TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Author: PPD Team Date: November 21, 2024 The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean energy grid. The project, built in partnership with OX2, will be developed in…
Author: PPD Team Date: July 2, 2025 AM Green BV (AMG) has signed definitive agreements to acquire a 17.5% equity stake in Greenko Energy Holdings from Japanese financial services group ORIX Corporation. The deal is expected to close in July 2025. Following the completion, AM Green and its promoter group will collectively hold a 25% stake in Greenko. The acquisition is part of AM Green’s strategy to strengthen its upstream integration with Greenko, which operates…
Author: PPD Team Date: December 4, 2024 Axpo Nordic has entered a ten-year agreement with Norway-based Hydro Energi to supply 2.63 TWh of electricity between 2026 and 2035. The electricity will be delivered in the Swedish price area SE2, strengthening Hydro’s renewable energy portfolio. Mats Larsson, senior originator at Axpo Nordic, emphasized the companies’ 15-year partnership and Axpo’s expertise in delivering tailored energy solutions. Hydro will integrate this contract into its Nordic power portfolio, which…
Author: PPD Team Date: February 6, 2026 The Ministry of New and Renewable Energy (MNRE) has issued a circular notifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated February 4, 2026, follows a recent customs notification issued by the Department of Revenue. The update refers to Notification No. 02/2026-Customs issued by the Department of Revenue on February 1, 2026, under which a new clause…
Author: PPD Team Date: December 16, 2025 The Government of India has introduced a new legislation in the Lok Sabha to overhaul India’s nuclear energy framework. Titled the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025, the Bill seeks to repeal the Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010, and replace them with a single, updated legal regime. The Bill, numbered 196 of 2025, was…
Author: PPD Team Date: December 3, 2024 KPI Green Energy Limited has won Coal India Limited’s auction to develop a 300 MW grid-connected ground-mounted solar project at Khavda Solar Park in Gujarat. The contract, valued at Rs 13.11 billion, includes the design, engineering, procurement, supply, installation, testing, and commissioning of the project. The scope also covers the transportation and transit insurance of PV modules designed for a 1,500V system voltage, along with comprehensive operation and…