Author: PPD Team Date: 17/12/2024
Tamil Nadu Green Energy Corporation Limited (TNGECL) plans to develop 100 MW cumulative wind-solar hybrid power projects in the state.
The projects are expected to be set up on a design, build, own, operate, and transfer (DBOOT) basis in Thoothukudi and Kanyakumari districts. TNGECL is preparing a detailed project report (DPR) for the initiative.
Author: PPD Team Date: 23/01/2025 Essar Renewables Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop 2,000 MW of renewable energy capacity. The Rs 80 billion investment will focus on round-the-clock renewable energy projects to power the electric vehicle truck charging infrastructure of Blue Energy Motors and Greenline. The projects are expected to start operations in fiscal year 2026-27, creating over 2,000 direct employment opportunities and boosting Maharashtra’s economic…
Author: PPD Team Date: 16/05/2025 Ciel & Terre Solar Private Limited, in partnership with Larsen & Toubro and SJVN Green Energy Limited, has commissioned a 120 MWp floating solar photovoltaic project at the Omkareshwar dam reservoir in Madhya Pradesh. The plant will supply power to Rewa Ultra Mega Solar Limited. The project comprises 14 floating solar islands, each with a capacity of 8.5 MWp. It uses 407,699 Hydrelio aiR OPTIM 1400-3 floats arranged in a…
Author: PPD Team Date: 25/03/2025 Hero MotoCorp Limited has announced an investment of Rs 5.25 billion in Euler Motors to enter the electric three-wheeler market. The investment will be made in multiple tranches, allowing Hero MotoCorp to acquire a 32.5 per cent stake in Euler Motors on a fully diluted basis. The transaction is expected to be completed by April 30, 2025, through a mix of primary and secondary acquisitions. The investment will be entirely…
Author: PPD Team Date: 19/02/2025 AHAsolar Technologies Limited has won a contract worth Rs 2.95 million from North Eastern Electric Power Corporation Limited (NEEPCO) for preparing pre-feasibility reports (PFRs) and detailed project reports (DPRs) for five floating solar projects across three states. NEEPCO had invited bids for the contract in May 2024, and the award was announced on February 17, 2025. The floating solar power projects will be developed on the Dhadraul reservoir in Sonbhadra,…
Author: PPD Team Date: 26/11/2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean,…
Author: PPD Team Date: 23/01/2025 Madhya Pradesh Power Transmission Company Ltd (MPPTCL) has initiated the remote monitoring and operation of its extra-high voltage AIS substations, starting with the 132kV AIS substation at Madhotal. This substation will now be controlled remotely from the nearby 220kV Jabalpur substation, marking a significant milestone for the state in improving power transmission efficiency. Following this success, MPPTCL plans to extend remote operations to three more old substations. The 132kV substations…
Author: PPD Team Date: 23/01/2025 Essar Renewables Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop 2,000 MW of renewable energy capacity. The Rs 80 billion investment will focus on round-the-clock renewable energy projects to power the electric vehicle truck charging infrastructure of Blue Energy Motors and Greenline. The projects are expected to start operations in fiscal year 2026-27, creating over 2,000 direct employment opportunities and boosting Maharashtra’s economic…
Author: PPD Team Date: 16/05/2025 Ciel & Terre Solar Private Limited, in partnership with Larsen & Toubro and SJVN Green Energy Limited, has commissioned a 120 MWp floating solar photovoltaic project at the Omkareshwar dam reservoir in Madhya Pradesh. The plant will supply power to Rewa Ultra Mega Solar Limited. The project comprises 14 floating solar islands, each with a capacity of 8.5 MWp. It uses 407,699 Hydrelio aiR OPTIM 1400-3 floats arranged in a…
Author: PPD Team Date: 25/03/2025 Hero MotoCorp Limited has announced an investment of Rs 5.25 billion in Euler Motors to enter the electric three-wheeler market. The investment will be made in multiple tranches, allowing Hero MotoCorp to acquire a 32.5 per cent stake in Euler Motors on a fully diluted basis. The transaction is expected to be completed by April 30, 2025, through a mix of primary and secondary acquisitions. The investment will be entirely…
Author: PPD Team Date: 19/02/2025 AHAsolar Technologies Limited has won a contract worth Rs 2.95 million from North Eastern Electric Power Corporation Limited (NEEPCO) for preparing pre-feasibility reports (PFRs) and detailed project reports (DPRs) for five floating solar projects across three states. NEEPCO had invited bids for the contract in May 2024, and the award was announced on February 17, 2025. The floating solar power projects will be developed on the Dhadraul reservoir in Sonbhadra,…
Author: PPD Team Date: 26/11/2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean,…
Author: PPD Team Date: 23/01/2025 Madhya Pradesh Power Transmission Company Ltd (MPPTCL) has initiated the remote monitoring and operation of its extra-high voltage AIS substations, starting with the 132kV AIS substation at Madhotal. This substation will now be controlled remotely from the nearby 220kV Jabalpur substation, marking a significant milestone for the state in improving power transmission efficiency. Following this success, MPPTCL plans to extend remote operations to three more old substations. The 132kV substations…
Author: PPD Team Date: 23/01/2025 Essar Renewables Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop 2,000 MW of renewable energy capacity. The Rs 80 billion investment will focus on round-the-clock renewable energy projects to power the electric vehicle truck charging infrastructure of Blue Energy Motors and Greenline. The projects are expected to start operations in fiscal year 2026-27, creating over 2,000 direct employment opportunities and boosting Maharashtra’s economic…
Author: PPD Team Date: 16/05/2025 Ciel & Terre Solar Private Limited, in partnership with Larsen & Toubro and SJVN Green Energy Limited, has commissioned a 120 MWp floating solar photovoltaic project at the Omkareshwar dam reservoir in Madhya Pradesh. The plant will supply power to Rewa Ultra Mega Solar Limited. The project comprises 14 floating solar islands, each with a capacity of 8.5 MWp. It uses 407,699 Hydrelio aiR OPTIM 1400-3 floats arranged in a…