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: November 26, 2024 National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois. Construction is slated to start in 2025, expanding the company’s solar capacity in Illinois to 350 MW, including the Prairie Wolf solar project in Coles County. The Bee Hollow project is expected to generate $34 million in economic…
Author: PPD Team Date: October 22, 2025 Adani Power Limited (APL) and Bhutan’s state-owned Druk Green Power Corporation Ltd (DGPC) have formed a joint venture company to develop the 570 MW Wangchhu hydroelectric project in Bhutan. The new entity, Wangchhu Hydroelectric Power Limited (WHPL), was incorporated in Bhutan on October 15, 2025. The joint venture follows a shareholders’ agreement signed in September 2025. DGPC holds a 51% controlling stake, while Adani Power owns the remaining…
Author: PPD Team Date: November 27, 2025 Transformers and Rectifiers India Limited has received a new order worth Rs 389.97 crore from Gujarat Energy Transmission Corporation Limited. The company reported the development in a filing to the BSE and NSE. The contract covers the manufacture and supply of 53 transformers of different specifications. TARIL said all units are planned for delivery by the next financial year. This award increases the company’s total order inflow from…
Author: PPD Team Date: April 15, 2025 The Maharashtra State Power Generation Company Limited (MSPGCL) signed a Memorandum of Understanding (MoU) with Russia’s Rosatom State Atomic Energy Corporation on April 11, 2025, for the joint development of small modular reactors (SMRs) using thorium fuel. The project will mark a potential first for any state government entering the nuclear energy space, which has traditionally been under the purview of the Department of Atomic Energy (DAE). The…
Author: PPD Team Date: September 19, 2024 Qatar Investment Authority (QIA), with assets valued at $475 billion, is looking to increase its stake in Spain’s leading utility company, Iberdrola, from 8.8% to over 10%, according to local Spanish media reports. This move would further solidify QIA’s position as Iberdrola’s largest shareholder, surpassing BlackRock (5.395%) and Norges (3.115%). QIA began its investment in Iberdrola in 2011 with a 6.16% stake, peaking at 9.7% in 2017. Any…
Author: PPD Team Date: November 14, 2024 Ormat Technologies has signed a $200 million engineering, procurement, and construction (EPC) contract with Contact Energy for the development of the 101 MW Te Mihi Stage 2 geothermal power plant in New Zealand. Scheduled for completion by mid-2027, this project will contribute to New Zealand’s renewable energy goals by gradually replacing the 1950s-built Wairakei geothermal power station. Te Mihi Stage 2 marks Ormat’s fourth major project in New…