Author: PPD Team Date: November 13, 2024
Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.
The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.
This initiative involves setting up an independent regional power production (IPP) unit.
Author: PPD Team Date: January 2, 2026 Adani Green Energy Limited (AGEL) has expanded its renewable energy portfolio with a major new capacity addition at Khavda in Gujarat, while also incorporating a new subsidiary to support future clean energy development. Both updates were disclosed through filings dated 31 December 2025 to stock exchanges. In its filing, Adani Green Energy Limited stated that it has operationalised 307.4 MW of new power projects at the Khavda renewable…
Author: PPD Team Date: July 10, 2025 Adani Power Limited (APL) has completed the acquisition of Vidarbha Industries Power Limited (VIPL) for an estimated Rs 40 billion. The deal, finalised on July 7, 2025, gives APL ownership of the Butibori Thermal Power Project in Nagpur district, Maharashtra. VIPL was a wholly owned subsidiary of Reliance Power Limited (RPL). It had developed the Butibori project with an investment of Rs 36.33 billion. The project consists of…
Author: PPD Team Date: December 2, 2024 According to a Reuters report, Adani Power stated that it has no indication the Bangladesh government plans to review its 25-year power purchase agreement (PPA) with the company. This follows earlier claims that Bangladesh is seeking to renegotiate terms to lower electricity prices or cancel the deal through legal means. The PPA, signed in 2017, involves Adani Power supplying electricity from a $2 billion coal-fired plant in eastern…
Author: PPD Team Date: December 13, 2024 Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round led by Lightspeed, with Lightrock also participating. Existing investors, including Elevation Capital, Lowercarbon, Rainmatter, and Gruhas Proptech, contributed as well. The funds will support SolarSquare’s expansion to over 50 cities from its current presence in 20. Additional investments will focus on technology, talent acquisition, brand building, and developing an asset management technology stack…
Author: PPD Team Date: November 26, 2025 Sembcorp Industries, which is backed by Temasek, is reportedly considering an IPO for its Indian subsidiary Sembcorp Green Infra. The launch could take place in the next eight to nine months. The talks are at an early stage and the size of the issue has not been set. This would be Sembcorp’s second attempt to list its India business after the company withdrew a draft prospectus in January…
Author: PPD Team Date: June 12, 2025 The Board of Directors of Orient Green Power Company Limited has approved an engineering, procurement and construction (EPC) contract with Remon Solutions Private Limited. The contract covers 7 MW/9.8 MWp capacity under the first phase of its solar project in Tiruttani taluk, Thiruvallur district, Tamil Nadu. The approval was granted on June 10, 2025. This capacity is part of a larger 25 MW/35 MWp project being developed under…