Author: PPD Team Date: 06/12/2024
TKIL Industries Private Limited has partnered with Switzerland-based SoHHytec SA to introduce advanced hydrogen production technology in India.
The partnership grants TKIL exclusive rights to manufacture and deploy SoHHytec’s artificial photosynthesis technology, which harnesses solar and wind energy to produce hydrogen efficiently.
Author: PPD Team Date: 19/12/2024 GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares worth up to Rs 5 billion, along with an offer for sale of up to 8.4 million equity shares by existing shareholders. The shares will have a face value of Rs 2, and…
Author: PPD Team Date: 18/12/2024 Tion Renewables Group has completed a deal with EDP Renováveis (EDPR) to acquire a 104MW solar portfolio in Spain. The financial terms of the deal have not been disclosed. The portfolio consists of four operational solar parks: one in Aragon, which has been running since mid-2022, and three in Andalusia, which became operational in November 2024. The projects are secured with 15-year power purchase agreements (PPAs). The deal is subject…
Author: PPD Team Date: 05/02/2025 The Budget 2024-25 has allocated funds for various power projects, including thermal, transmission, and hydro. Rs 2.51 billion is set for the Power Sector Reform Program (Subprogram 1). The Kudankulam Nuclear Power Plant has received Rs 10.19 billion and Rs 8.77 billion for Units 3 and 4, and Rs 19.69 billion and Rs 26.28 billion for Units 5 and 6. Distribution and transmission projects include Rs 3.25 billion for Meghalaya,…
Author: PPD Team Date: 05/12/2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located at Rays…
Author: PPD Team Date: 17/02/2025 Premier Energies Photovoltaic Private Limited, a wholly-owned subsidiary of Premier Energies Limited (PEL), secured contracts worth Rs 12.34 billion for the supply of solar photovoltaic (PV) modules in India on February 14, 2025. The supply is expected to begin in April 2025. In January 2025, PEL’s subsidiaries—Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited—won contracts worth Rs 1.46 billion for solar…
Author: PPD Team Date: 03/01/2025 The Renewables Infrastructure Group (TRIG) has secured a power purchase agreement (PPA) with Qair France and partners to supply renewable electricity to the Hyd’Occ hydrogen production facility in Port-la Nouvelle, Aude, France. Electricity will be sourced from TRIG’s two onshore wind farms in the Occitanie region, supporting sustainable energy initiatives in the area. The Hyd’Occ facility, developed by Qair’s subsidiary, Hyd’Occ project company, involves a €60m ($65.4m) investment and is…