Author: PPD Team Date: 28/11/2024
Waaree Renewable Technologies Ltd. has received a term sheet to execute the Engineering, Procurement, and Construction (EPC) of a 2012.47 MWp DC ground-mounted solar photovoltaic project.
The project is valued at approximately Rs 12.33 billion, excluding levies.
Author: PPD Team Date: 28/10/2024 India has drafted a proposal seeking $70 million in financing from the Climate Investment Funds (CIF) to enhance energy storage systems (ESS) and grid projects under the Renewable Energy Integration Investment Plan (REI IP), a joint effort by the Ministry of Finance and the Ministry of New and Renewable Energy (MNRE). Of the requested amount, $5 million will support technical assistance, project preparation, and capacity building. The initiative aims to…
Author: PPD Team Date: 27/11/2024 Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.
Author: PPD Team Date: 26/02/2025 Kenya Power has announced an investment of KES1 billion to expand and enhance electricity infrastructure across eleven counties in the Nyanza and western regions. The funds will support the construction of new power lines to meet growing demand and improve reliability. The investment covers both completed and ongoing projects in Kisumu, Homabay, Migori, Siaya, Nyamira, Vihiga, Busia, Bomet, Kericho, Kisii, and Kakamega. Completed projects include the KES700 million, 132 kV…
Author: PPD Team Date: 23/12/2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has notified banking regulations under its Green Energy Open Access Policy. It permits consumers to bank up to 30 per cent of their monthly electricity consumption procured from the distribution licensee. Banking charges are set at 8 per cent of the banked energy, adjusted in kind. The distribution licensee must establish a detailed banking procedure and model agreement within 30 days of notification….
Author: PPD Team Date: 14/01/2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs 5.22 per…
Author: PPD Team Date: 27/01/2025 NextEra partners with GE Vernova for natural gas-fired project NextEra Energy has partnered with electric services company GE Vernova to develop natural gas-fired power generation projects in the United States, as reported by Reuters. The collaboration aims to primarily supply electricity to AI data centres and other significant power consumers. This partnership comes amid rising demand from Big Tech’s data centres for natural gas-fired electricity, particularly as federal support for…
Author: PPD Team Date: 28/10/2024 India has drafted a proposal seeking $70 million in financing from the Climate Investment Funds (CIF) to enhance energy storage systems (ESS) and grid projects under the Renewable Energy Integration Investment Plan (REI IP), a joint effort by the Ministry of Finance and the Ministry of New and Renewable Energy (MNRE). Of the requested amount, $5 million will support technical assistance, project preparation, and capacity building. The initiative aims to…
Author: PPD Team Date: 27/11/2024 Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.
Author: PPD Team Date: 26/02/2025 Kenya Power has announced an investment of KES1 billion to expand and enhance electricity infrastructure across eleven counties in the Nyanza and western regions. The funds will support the construction of new power lines to meet growing demand and improve reliability. The investment covers both completed and ongoing projects in Kisumu, Homabay, Migori, Siaya, Nyamira, Vihiga, Busia, Bomet, Kericho, Kisii, and Kakamega. Completed projects include the KES700 million, 132 kV…
Author: PPD Team Date: 23/12/2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has notified banking regulations under its Green Energy Open Access Policy. It permits consumers to bank up to 30 per cent of their monthly electricity consumption procured from the distribution licensee. Banking charges are set at 8 per cent of the banked energy, adjusted in kind. The distribution licensee must establish a detailed banking procedure and model agreement within 30 days of notification….
Author: PPD Team Date: 14/01/2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs 5.22 per…
Author: PPD Team Date: 27/01/2025 NextEra partners with GE Vernova for natural gas-fired project NextEra Energy has partnered with electric services company GE Vernova to develop natural gas-fired power generation projects in the United States, as reported by Reuters. The collaboration aims to primarily supply electricity to AI data centres and other significant power consumers. This partnership comes amid rising demand from Big Tech’s data centres for natural gas-fired electricity, particularly as federal support for…
Author: PPD Team Date: 28/10/2024 India has drafted a proposal seeking $70 million in financing from the Climate Investment Funds (CIF) to enhance energy storage systems (ESS) and grid projects under the Renewable Energy Integration Investment Plan (REI IP), a joint effort by the Ministry of Finance and the Ministry of New and Renewable Energy (MNRE). Of the requested amount, $5 million will support technical assistance, project preparation, and capacity building. The initiative aims to…
Author: PPD Team Date: 27/11/2024 Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.