Author: PPD Team Date: December 10, 2024
Waaree Energies Limited has secured a 1 GW solar photovoltaic (PV) modules supply order from an Indian renewable energy company.
The customer is engaged in owning, developing, and operating renewable power projects across India.
The supply of these modules is planned for delivery during the financial years 2024-25 and 2025-26.
Author: PPD Team Date: December 23, 2024 Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans up to Rs…
Author: PPD Team Date: October 16, 2025 Adani Green Energy Ltd. (AGEL) has commissioned a 50 MW solar power project at its Khavda site in Gujarat, bringing its total operational renewable capacity to 16,729.80 MW. The project was approved for operation on October 15, 2025, and began commercial generation the following day. In a separate filing, AGEL announced the incorporation of five new wholly owned step-down subsidiaries—Adani Hydro Energy Eleven, Twelve, Fourteen, Fifteen, and Seventeen…
Author: PPD Team Date: January 23, 2025 Nesma Infrastructure and Technology has secured a SAR915 million contract with the Saudi Electricity Company (SEC) for constructing two 380 kV substations in Riyadh, named Rumah BSP-9077 A and B. The project includes installing line reactors at the Airport North BSP-9089 and PS3 BSP substations to strengthen Riyadh’s high-voltage transmission infrastructure. Scheduled for completion within 21 months, the initiative supports the city’s rapid urban and industrial growth. Saudi…
Author: PPD Team Date: August 14, 2025 India has reached 100 GW of solar photovoltaic (PV) module manufacturing capacity registered under the Approved List of Models and Manufacturers (ALMM) for Solar PV Modules. Union Minister for New and Renewable Energy Pralhad Joshi said the increase was enabled by policy measures such as the Production Linked Incentive (PLI) Scheme for high-efficiency solar modules. He noted that this capacity growth supports India’s goal of 500 GW of…
Author: PPD Team Date: November 6, 2024 REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity with 3×500 MVA,…
Author: PPD Team Date: October 3, 2025 Rays Power Infra has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise up to Rs 11.5 billion through an initial public offering (IPO). The IPO will comprise a fresh equity issue of Rs 9 billion and an offer-for-sale of up to Rs 2.5 billion by promoters and a shareholder. According to the DRHP, Rs 5 billion from the…