Teerth Gopicon wins Rs 2.37 billion contract for solar projects in Rajasthan
Author: PPD Team Date: December 11, 2024
Author: PPD Team Date: December 11, 2024
Teerth Gopicon Private Limited has received a Letter of Award (LoA) worth Rs 2.37 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to set up 37 MW of rooftop solar photovoltaic (PV) power projects on government buildings in Baran and Pali districts.
The contract, awarded on December 7, 2024, includes 11 MW in Baran and 26 MW in Pali.
The scope of the project includes the design, supply, erection, testing, and commissioning of the solar PV systems, along with 25 years of comprehensive operation and maintenance (O&M).
The work is expected to be completed within 12 months.
Author: PPD Team Date: February 7, 2025 India’s solar cell manufacturing capacity is set to expand from 10 GW in fiscal 2024 to 50 GW–55 GW by fiscal 2027, driven by government policies aimed at reducing photovoltaic (PV) cell and module imports, according to a report by Crisil Ratings. The expansion will require Rs 280 billion–Rs 300 billion ($3.2 billion–$3.6 billion) in capital expenditure, primarily funded through a 70:30 debt-equity mix. Crisil Ratings analyzed four…
Author: PPD Team Date: May 27, 2025 India produced and dispatched over 1 billion metric tonnes of coal in FY2023–24. This marks a 70% rise since 2014, driven by structural reforms including commercial coal mining, first launched in 2020. Nearly 150 mines have been auctioned so far, with the 12th round underway. States have received nearly Rs 2.5 trillion in premiums and royalties. The sector has moved from inefficiency to transparency, with private players now…
Author: PPD Team Date: October 27, 2025 The Rajasthan Renewable Energy Corporation Limited (RREC) has withdrawn its procedure for implementing wind and hybrid projects and will no longer register or verify wind turbine generator (WTG) coordinates on private land. Developers will now be solely responsible for maintaining mandatory spacing between turbines. The order, issued on October 15, 2025, revokes the “Procedure-cum-Guidelines for Implementation of Wind/Hybrid Power Projects in the State” issued on May 2, 2025….
Author: PPD Team Date: December 19, 2024 Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan. Jindal Renewables is developing around 3 GW of renewable energy assets with power off-take agreements in place. By 2030, the company plans to expand its portfolio to 12 GW, including storage facilities and green hydrogen production. Grew Energy, a venture of Chiripal Group, manufactures solar modules with a…
Author: PPD Team Date: January 20, 2025 Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year. The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: December 30, 2024 The National Green Tribunal (NGT) has issued a notice to the Central government over the lack of infrastructure for the safe disposal and recycling of damaged or end-of-life Photovoltaic (PV) solar panels. A bench led by Justice Prakash Shrivastava and Dr A. Senthil Vel highlighted the environmental hazards of improper disposal, including burying panels in agricultural fields or sending them to landfills, which degrade soil quality. Notices were…