Author: PPD Team Date: 31/12/2024
Denmark’s Vestas has secured an order to supply 21 V236-15.0 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Japan’s Akita Prefecture.
The deal includes a long-term service agreement to optimise turbine performance.
This marks Vestas’ first firm order for its V236-15.0 MW turbine in the Asia-Pacific region and its first project under Japan’s offshore wind auctions based on the Renewable Energy Sea Area Utilization Act.
Author: PPD Team Date: 10/12/2024 Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO). The IPO will involve the issuance of up to 5.43 million equity shares, targeting a fundraising of Rs 1 billion. The proceeds will be used to support Solar91 Cleantech’s transition into an independent power producer and to expand its turnkey engineering, procurement, and construction services for renewable energy…
Author: PPD Team Date: 16/04/2025 Quality Power Electrical Equipments Limited (QPEEL) has landed an order worth Rs 197 million for the supply of reactors for flexible alternating current transmission systems (FACTS) used in power transmission. The single large order, placed by a Fortune 500 client, is specifically geared toward coil products for FACTS applications in the renewable energy segment. The scope includes the supply of high-performance reactors, with delivery expected within 15–18 months. Revenue from…
Author: PPD Team Date: 21/04/2025 PFC Consulting Ltd (PFCCL) has incorporated three wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for upcoming interstate transmission system (ISTS) projects. These schemes are being developed under the tariff-based competitive bidding (TBCB) framework. Each SPV will be transferred to the selected transmission service provider after the bidding process. All three projects aim to improve grid connectivity and support renewable energy (RE) integration. The first project, “Augmentation of transformation…
Author: PPD Team Date: 21/10/2024 NTPC has released the results of its 1.2 GW ISTS-connected solar projects auction. The winning companies include SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar, and Illuminate Hybren (Mahindra Susten). SAEL secured 300 MW, Rays Power 100 MW, and Refex Green 100 MW, all at a tariff of Rs 2.50 per kWh. ReNew Solar and Illuminate Hybren were awarded 300 MW and 176 MW at a tariff of Rs…
Author: PPD Team Date: 03/08/2024 HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…
Author: PPD Team Date: 10/12/2024 Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO). The IPO will involve the issuance of up to 5.43 million equity shares, targeting a fundraising of Rs 1 billion. The proceeds will be used to support Solar91 Cleantech’s transition into an independent power producer and to expand its turnkey engineering, procurement, and construction services for renewable energy…
Author: PPD Team Date: 16/04/2025 Quality Power Electrical Equipments Limited (QPEEL) has landed an order worth Rs 197 million for the supply of reactors for flexible alternating current transmission systems (FACTS) used in power transmission. The single large order, placed by a Fortune 500 client, is specifically geared toward coil products for FACTS applications in the renewable energy segment. The scope includes the supply of high-performance reactors, with delivery expected within 15–18 months. Revenue from…
Author: PPD Team Date: 21/04/2025 PFC Consulting Ltd (PFCCL) has incorporated three wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for upcoming interstate transmission system (ISTS) projects. These schemes are being developed under the tariff-based competitive bidding (TBCB) framework. Each SPV will be transferred to the selected transmission service provider after the bidding process. All three projects aim to improve grid connectivity and support renewable energy (RE) integration. The first project, “Augmentation of transformation…
Author: PPD Team Date: 21/10/2024 NTPC has released the results of its 1.2 GW ISTS-connected solar projects auction. The winning companies include SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar, and Illuminate Hybren (Mahindra Susten). SAEL secured 300 MW, Rays Power 100 MW, and Refex Green 100 MW, all at a tariff of Rs 2.50 per kWh. ReNew Solar and Illuminate Hybren were awarded 300 MW and 176 MW at a tariff of Rs…
Author: PPD Team Date: 03/08/2024 HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…
Author: PPD Team Date: 10/12/2024 Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO). The IPO will involve the issuance of up to 5.43 million equity shares, targeting a fundraising of Rs 1 billion. The proceeds will be used to support Solar91 Cleantech’s transition into an independent power producer and to expand its turnkey engineering, procurement, and construction services for renewable energy…
Author: PPD Team Date: 16/04/2025 Quality Power Electrical Equipments Limited (QPEEL) has landed an order worth Rs 197 million for the supply of reactors for flexible alternating current transmission systems (FACTS) used in power transmission. The single large order, placed by a Fortune 500 client, is specifically geared toward coil products for FACTS applications in the renewable energy segment. The scope includes the supply of high-performance reactors, with delivery expected within 15–18 months. Revenue from…