Author: PPD Team Date: 13/12/2024
Tivolt Electric Vehicles Private Limited, a subsidiary of TI Clean Mobility, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an electric vehicle charging ecosystem.
Under the agreement, TPREL will use its expertise to establish charging stations at Tivolt dealerships, customer locations, and high-traffic public spaces across the country.
Author: PPD Team Date: 21/11/2024 The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding (MoU) with H2Global Stiftung, a non-profit advancing global hydrogen markets, to promote green hydrogen development. The partnership focuses on leveraging H2Global’s innovative mechanism, implemented by its subsidiary Hintco, to align with international hydrogen market dynamics. Hintco’s tenders provide transparency on pricing, ensure production and delivery of clean fuels, and support legal certainty for final investment decisions. India…
Author: PPD Team Date: 24/01/2025 US President Donald Trump has issued an executive order suspending all funding disbursements under the Inflation Reduction Act (IRA), marking a significant shift in the US energy agenda. The move, termed “Terminating the Green New Deal,” also halts funding for the Infrastructure Investment and Jobs Act, impacting clean energy and manufacturing projects. Federal agencies now have 90 days to submit reviews and spending recommendations to the Office of Management and…
Author: PPD Team Date: 06/01/2025 French cable manufacturer Nexans has completed the sale of AmerCable, a specialist in electrical power, control, and instrumentation cables, to Mattr for $280 million. The move aligns with Nexans’ focus on its core electrification business, allowing it to concentrate on key market segments. The agreement, finalized in November 2024, values AmerCable at around five times its adjusted EBITDA for the 12 months ending June 2024. AmerCable will now be part…
Author: PPD Team Date: 10/12/2024 Waaree Energies Limited has secured a 1 GW solar photovoltaic (PV) modules supply order from an Indian renewable energy company. The customer is engaged in owning, developing, and operating renewable power projects across India. The supply of these modules is planned for delivery during the financial years 2024-25 and 2025-26.
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: 05/11/2024 Prime Minister Narendra Modi inaugurated a solar-powered electric vehicle (EV) charging carport at the Statue of Unity in Kevadia, Gujarat. Developed by Convergence Energy Services Ltd (CESL), an Energy Efficiency Services Ltd subsidiary, this initiative underscores the government’s commitment to clean energy and green mobility. With backing from the Asian Development Bank (ADB), the carport has bi-facial mono-crystalline solar modules and a battery energy storage system (BESS). This facility, with…