Author: PPD Team Date: 23/01/2025
The Government of Telangana has signed a Memorandum of Understanding (MoU) with Megha Engineering and Infrastructures Limited (MEIL) to establish a 2,160 MW Pumped Storage Project (PSP) in the state.
The project entails an investment of Rs.110 billion and is expected to boost the state’s renewable energy capacity and infrastructure. The MoU was signed on January 21, 2025.
Author: PPD Team Date: 11/12/2024 The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation. Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
Author: PPD Team Date: 03/03/2025 Adani Renewable Energy Holding Nine Limited (AREH9L), a subsidiary of the Adani Group, has signed a share subscription and shareholders’ agreement (SSSHA) with Adani Renewables Energy Three Limited and DC Development Noida Limited to facilitate a captive power arrangement. As part of the agreement, DC Development Noida Limited will acquire a 26 per cent stake in Adani Renewables Energy Three Limited to meet the minimum captive shareholding requirement under captive…
Author: PPD Team Date: 07/11/2024 SSE Renewables has acquired development rights from Low Carbon’s Grid Systems Services for a 120MW/240MWh grid-scale battery energy storage system (BESS) project in County Offaly, Ireland. The Thornsberry BESS project near Tullamore has received planning consent and grid connection approval, enabling 120MW import/export capacity to the national grid. Once operational, the system could supply backup power for 115,000 homes for up to two hours. Subject to a final investment decision,…
Author: PPD Team Date: 28/01/2025 Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects The Government of Maharashtra (GoM) and the Government of Telangana (GoT) have signed Memorandums of Understanding (MoUs) with Essar Renewables Limited (ERL) and Sun Petrochemicals Private Limited, respectively, to develop 7,440 MW renewable energy (RE) projects in the states. ERL will invest Rs 80 billion to set up 2,000 MW round-the-clock (RTC) RE power projects in Maharashtra by FY…
Author: PPD Team Date: 16/01/2025 The planned Sizewell C nuclear power station in Suffolk, UK, is expected to cost nearly £40bn ($48.7bn), double the initial £20bn estimate due to rising construction costs and delays at the Hinkley Point C site, according to the Financial Times. This price increase raises concerns about the UK government’s nuclear revival strategy amid public finance strain and cost of living challenges. The UK Treasury will decide whether to proceed with…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 11/12/2024 The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation. Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
Author: PPD Team Date: 03/03/2025 Adani Renewable Energy Holding Nine Limited (AREH9L), a subsidiary of the Adani Group, has signed a share subscription and shareholders’ agreement (SSSHA) with Adani Renewables Energy Three Limited and DC Development Noida Limited to facilitate a captive power arrangement. As part of the agreement, DC Development Noida Limited will acquire a 26 per cent stake in Adani Renewables Energy Three Limited to meet the minimum captive shareholding requirement under captive…
Author: PPD Team Date: 07/11/2024 SSE Renewables has acquired development rights from Low Carbon’s Grid Systems Services for a 120MW/240MWh grid-scale battery energy storage system (BESS) project in County Offaly, Ireland. The Thornsberry BESS project near Tullamore has received planning consent and grid connection approval, enabling 120MW import/export capacity to the national grid. Once operational, the system could supply backup power for 115,000 homes for up to two hours. Subject to a final investment decision,…
Author: PPD Team Date: 28/01/2025 Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects The Government of Maharashtra (GoM) and the Government of Telangana (GoT) have signed Memorandums of Understanding (MoUs) with Essar Renewables Limited (ERL) and Sun Petrochemicals Private Limited, respectively, to develop 7,440 MW renewable energy (RE) projects in the states. ERL will invest Rs 80 billion to set up 2,000 MW round-the-clock (RTC) RE power projects in Maharashtra by FY…
Author: PPD Team Date: 16/01/2025 The planned Sizewell C nuclear power station in Suffolk, UK, is expected to cost nearly £40bn ($48.7bn), double the initial £20bn estimate due to rising construction costs and delays at the Hinkley Point C site, according to the Financial Times. This price increase raises concerns about the UK government’s nuclear revival strategy amid public finance strain and cost of living challenges. The UK Treasury will decide whether to proceed with…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 11/12/2024 The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation. Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
Author: PPD Team Date: 03/03/2025 Adani Renewable Energy Holding Nine Limited (AREH9L), a subsidiary of the Adani Group, has signed a share subscription and shareholders’ agreement (SSSHA) with Adani Renewables Energy Three Limited and DC Development Noida Limited to facilitate a captive power arrangement. As part of the agreement, DC Development Noida Limited will acquire a 26 per cent stake in Adani Renewables Energy Three Limited to meet the minimum captive shareholding requirement under captive…