Author: PPD Team Date: November 7, 2024
Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India.
Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025.
This contract underscores Waaree’s role in advancing India’s renewable energy infrastructure.
Author: PPD Team Date: March 31, 2025 India has approved the Detailed Procedure for the Offset Mechanism and eight methodologies under the Indian Carbon Market (ICM). This enables voluntary participation in carbon trading and supports projects that reduce or remove greenhouse gas emissions. The government had notified The Carbon Credit Trading Scheme, 2023, in June last year, establishing the National Steering Committee for Indian Carbon Market (NSCICM). An amendment in December 2023 introduced an Offset…
Author: PPD Team Date: February 19, 2026 CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial public offering (IPO). The issue will open for subscription on February 23, 2026, and close on February 25, marking a listing focused on the private-sector renewable energy market. The IPO comprises a fresh issue of shares worth up to Rs 1,200 crore and an offer-for-sale (OFS) of up to…
Author: PPD Team Date: March 16, 2026 The Ministry of Power (MoP) has revised the regulatory framework for captive generating plants, introducing a proportionate consumption mechanism that limits how much electricity each co-owner in a multi-user plant can claim as captive. The changes are set out in the Electricity (Amendment) Rules, 2026, published in the Gazette of India on Friday. The amendment replaces Rule 3 of the Electricity Rules, 2005 in full. Most provisions take…
Author: PPD Team Date: April 28, 2025 Reliance Industries Limited (RIL) has commissioned its first solar photovoltaic (PV) module manufacturing line at its 5,000-acre site in Jamnagar, Gujarat. Work is progressing on battery storage and hydrogen production facilities. The initial solar module capacity is 10 GW per year, expandable to 20 GW. A 1 GW heterojunction (HJT) solar module line is operational, with modules rated up to 720 watt-peak. Reliance is also setting up 30…
Author: PPD Team Date: December 9, 2025 The International Finance Corporation has invested about 50 million dollars in GFCL EV Products Limited, a subsidiary of Gujarat Fluorochemicals Limited. The investment has been made through compulsorily convertible instruments and will support the development of India’s first fully integrated battery materials facility in Noida. GFCL EV Products Limited was founded in 2021 and is based in Gujarat. It is part of the INOX and Gujarat Fluorochemicals Limited…
Author: PPD Team Date: November 13, 2024 The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project. Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity. Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along…