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: 18/12/2024 Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each. The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: PPD Team Date: 11/02/2025 Teerth Gopicon Private Limited has received a Letter of Intent (LoI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for developing 39.4 MW grid-connected solar photovoltaic (PV) projects in Rajasthan under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The scope includes design, supply, installation, testing, commissioning, and 25 years of Operation and Maintenance (O&M). The project is set for completion within nine months. Additionally, Teerth Gopicon has…
Author: PPD Team Date: 02/01/2025 The Ministry of New and Renewable Energy (MNRE) has released guidelines for two components of the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), targeting rooftop solar installations for eligible residential consumers. The program runs until March 31, 2027. Key highlights: Central financial assistance (CFA): Applicable for rooftop solar systems installed on rooftops, terraces, balconies, and building-integrated photovoltaics. Eligible systems must use approved metering mechanisms like group and virtual net metering…
Author: PPD Team Date: 12/12/2024 Eurelectric, along with CEFIC (European chemicals) and European Aluminium, have outlined six key measures for improving Europe’s industrial competitiveness and advancing its decarbonization efforts. The measures were discussed during the Antwerp Dialogues, a forum gathering industry representatives, power sector stakeholders, NGOs, unions, and think tanks. The Antwerp Declaration calls for urgent actions to reduce energy prices, eliminate barriers to infrastructure development, and secure strong public funding. Currently, electricity retail prices…
Author: PPD Team Date: 22/10/2024 Oriana Power Limited has won an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 75 MW solar power plant in Maharashtra. The project falls under Component C of the PM-KUSUM Scheme, focusing on feeder-level solarisation and includes land and transmission line development. Additionally, Oriana Power recently secured a 128 MW solar project from Dalmia Cement in Tamil Nadu, valued at Rs 5.2 billion, further expanding its…
Author: PPD Team Date: 06/02/2025 The European Commission (EC) and the Republic of Moldova have agreed on a two-year strategy aimed at strengthening Moldova’s energy independence and resilience. The strategy includes a €250m ($258.7m) financial support package for 2025, implemented in three phases to address both immediate and long-term challenges. The initiative’s primary goal is to reduce Moldova’s reliance on Russian energy supplies and integrate it fully into the European Union (EU) energy market. The…
Author: PPD Team Date: 18/12/2024 Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each. The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: PPD Team Date: 11/02/2025 Teerth Gopicon Private Limited has received a Letter of Intent (LoI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for developing 39.4 MW grid-connected solar photovoltaic (PV) projects in Rajasthan under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The scope includes design, supply, installation, testing, commissioning, and 25 years of Operation and Maintenance (O&M). The project is set for completion within nine months. Additionally, Teerth Gopicon has…
Author: PPD Team Date: 02/01/2025 The Ministry of New and Renewable Energy (MNRE) has released guidelines for two components of the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), targeting rooftop solar installations for eligible residential consumers. The program runs until March 31, 2027. Key highlights: Central financial assistance (CFA): Applicable for rooftop solar systems installed on rooftops, terraces, balconies, and building-integrated photovoltaics. Eligible systems must use approved metering mechanisms like group and virtual net metering…
Author: PPD Team Date: 12/12/2024 Eurelectric, along with CEFIC (European chemicals) and European Aluminium, have outlined six key measures for improving Europe’s industrial competitiveness and advancing its decarbonization efforts. The measures were discussed during the Antwerp Dialogues, a forum gathering industry representatives, power sector stakeholders, NGOs, unions, and think tanks. The Antwerp Declaration calls for urgent actions to reduce energy prices, eliminate barriers to infrastructure development, and secure strong public funding. Currently, electricity retail prices…
Author: PPD Team Date: 22/10/2024 Oriana Power Limited has won an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 75 MW solar power plant in Maharashtra. The project falls under Component C of the PM-KUSUM Scheme, focusing on feeder-level solarisation and includes land and transmission line development. Additionally, Oriana Power recently secured a 128 MW solar project from Dalmia Cement in Tamil Nadu, valued at Rs 5.2 billion, further expanding its…
Author: PPD Team Date: 06/02/2025 The European Commission (EC) and the Republic of Moldova have agreed on a two-year strategy aimed at strengthening Moldova’s energy independence and resilience. The strategy includes a €250m ($258.7m) financial support package for 2025, implemented in three phases to address both immediate and long-term challenges. The initiative’s primary goal is to reduce Moldova’s reliance on Russian energy supplies and integrate it fully into the European Union (EU) energy market. The…
Author: PPD Team Date: 18/12/2024 Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each. The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: PPD Team Date: 11/02/2025 Teerth Gopicon Private Limited has received a Letter of Intent (LoI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for developing 39.4 MW grid-connected solar photovoltaic (PV) projects in Rajasthan under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The scope includes design, supply, installation, testing, commissioning, and 25 years of Operation and Maintenance (O&M). The project is set for completion within nine months. Additionally, Teerth Gopicon has…