Author: PPD Team Date: 10/12/2024
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: 26/02/2025 Adani Power Limited received a letter of intent (LoI) from the resolution professional to acquire Vidarbha Industries Power Limited (VIPL) on 24 February 2025. The acquisition is subject to the terms of the LoI and necessary approvals from the National Company Law Tribunal (NCLT), Mumbai, along with other regulatory authorities, courts, or tribunals as required. VIPL, a wholly owned subsidiary of Reliance Power Limited (RPL), developed a 600 MW thermal…
Author: PPD Team Date: 18/10/2024 Dominion Energy Virginia has entered into a partnership with Amazon to explore the advancement of small modular reactor (SMR) nuclear technology within Virginia. The two companies signed a memorandum of understanding (MoU) to develop innovative structures for SMR projects, aiming to bring new sources of carbon-free energy to the state. Kevin Miller, Amazon’s global data centers vice-president, emphasized that nuclear energy’s safety and reliability align with Amazon’s goal to achieve…
Author: PPD Team Date: 07/02/2025 India’s solar cell manufacturing capacity is set to expand from 10 GW in fiscal 2024 to 50 GW–55 GW by fiscal 2027, driven by government policies aimed at reducing photovoltaic (PV) cell and module imports, according to a report by Crisil Ratings. The expansion will require Rs 280 billion–Rs 300 billion ($3.2 billion–$3.6 billion) in capital expenditure, primarily funded through a 70:30 debt-equity mix. Crisil Ratings analyzed four domestic manufacturers…
Author: PPD Team Date: 04/11/2024 GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has appointed Worley Chemetics to design and fabricate the isolation condenser system for its BWRX-300 small modular reactor (SMR). This partnership brings Worley Chemetics into the BWRX-300 qualified supplier group, enhancing Ontario’s nuclear supply chain with its fabrication facility in Pickering, Canada. Worley Chemetics’ president, Andrew Barr, expressed enthusiasm for the collaboration, highlighting its 60-year experience in sustainable process technologies and…
Author: PPD Team Date: 20/01/2025 NHPC Limited invited bids for Lot-3: Main Dam including Coffer Dam of the Dibang Multipurpose Project in December 2024. Six firms—APS Enterprises, Larsen and Toubro Limited (L&T), NCC Limited, Patel Engineering Limited (PEL), Rithwik Projects Private Limited, and Hindustan Construction Company Limited (HCC)—submitted bids. The project will develop 12 units of 240 MW each (2,880 MW) on the Dibang River in the Lower Dibang Valley district, Arunachal Pradesh, at an…
Author: PPD Team Date: 05/06/2025 Lloyd Metals and Energy Limited is expanding its renewable energy portfolio. The company’s Board of Directors has approved signing a Share Subscription and Shareholders Agreement (SSSHA) with Hexa Climate Solutions Private Limited. Under this agreement, Lloyd Metals will invest Rs 120 million in Hexa Energy W2 Private Limited and Rs 100 million in Hexa Energy MH3 Limited. These are special purpose vehicles (SPVs) of Hexa Climate. In return, Lloyd will…