Author: PPD Team Date: November 26, 2024
Waaree Energies Limited has secured an order to supply up to 600 MWp of solar photovoltaic (PV) modules to a leading Indian renewable energy developer.
The delivery of these high-efficiency modules is scheduled to commence in the fiscal year 2025–2026.
Recently, Waaree secured a 180 MWp module supply agreement.
Author: PPD Team Date: December 5, 2024 Adani Energy Solutions (AESL) has been named the preferred bidder for a transmission project under the special purpose vehicle (SPV) “Rajasthan Part-I Power Transmission.” The project, valued at approximately Rs 250 billion, will be AESL’s largest order once officially awarded. The project, tendered through a re-bid process under tariff-based competitive bidding (TBCB), is part of the interstate transmission system (ISTS) named “Transmission system for evacuation of power from…
Author: PPD Team Date: November 28, 2024 The Western Australian (WA) government has completed the second phase of the Kwinana big battery project, marking a major milestone in the region’s energy transition. This phase involved constructing an A$661 million ($428 million) battery energy storage system (BESS) with a capacity of 800 MWh and a 200 MW output capability, supported by 288 battery modules and 72 inverter units. Construction, which began in July 2023, created 200…
Author: PPD Team Date: December 24, 2024 ReNew Energy Global has entered into an agreement to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL) to Anzen India Energy Yield Plus Trust for $176 million. RSWPL operates a 300 MW solar asset in Jaisalmer, Rajasthan. The deal will close after fulfilling contractual obligations, conditions precedent, and lender approvals. The enterprise value may adjust based on net current assets and other provisions in the…
Author: PPD Team Date: November 11, 2024 INOX India Ltd (INOXCVA) has secured a major contract with Highview Power for its Liquid Air Energy Storage (LAES) project in Carrington, Manchester. As part of the deal, INOXCVA will deliver five high-pressure, 690kl vacuum-insulated cryogenic tanks, the largest of their kind ever fabricated by the company. This contract strengthens INOXCVA’s foothold in the global cryogenic equipment market and aligns with the growing demand in the energy storage…
Author: PPD Team Date: July 10, 2025 Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing plant for high-efficiency solar DCR (domestic content requirement) cells and solar photovoltaic (PV)…
Author: PPD Team Date: March 17, 2025 The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued Letters of Award (LoAs) to 26 firms for developing a total of 980.3 MW grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. These projects, awarded under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, will be set up across various locations in Uttar Pradesh. List of winning firms and…