Author: PPD Team Date: 04/12/2024
Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has won a contract to supply solar modules for a cumulative 524 MWp solar power project in India.
The contract, awarded on December 2, 2024, includes 364 MWp and 160 MWp capacities, with module supplies slated to commence in FY 2025 and FY 2026, respectively.
Author: PPD Team Date: 14/04/2025 NHPC Limited started commercial operations of 107.14 MW solar capacity on April 12, 2025, under the 1,000 MW Grid Connected Solar PV Power Project (CPSU Tranche-III) at Bikaner, Rajasthan. With this, the total commissioned capacity under the project now stands at 138.14 MW. This capacity is part of a 300 MW solar power plant being developed by Tata Power Solar Systems Limited at Karnisar-Bhatiyan in Bikaner. The project is being…
Author: PPD Team Date: 02/01/2025 Nuclear Power Corporation of India Limited (NPCIL) invited Request for Proposal (RfP) bids for setting up the 220 MW BSR (Bharat Small Reactors) Nuclear Captive Power Plant on December 31, 2024. The last date for bid submission is March 31, 2025. The 220 MW NPP will be a Captive Generating Plant (CGP) that will use pressurised heavy water reactor (PHWR) technology and will be built on brownfield/greenfield sites offered by…
Author: PPD Team Date: 06/11/2024 Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while…
Author: PPD Team Date: 29/11/2024 Andhra Pradesh has emerged as the top state in LED streetlight installations under the Street Lighting National Programme (SLNP), according to a recent Parliament reply. Shripad Naik, Union Minister of State for Power, stated that 13.1 million LED streetlights had been installed nationwide as of November 7, 2024. Andhra Pradesh accounted for 2.9 million installations or 22.4 per cent of the total. Telangana ranked second with 1.7 million installations, contributing…
Author: PPD Team Date: 04/11/2024 Solar EPC firm Trom Industries Ltd has announced solar project contracts valued at Rs 330 million from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Trom Industries secured a Rs 207 million work order from GMRC to install and maintain a 5MW grid-connected rooftop solar system across 15 metro stations in Ahmedabad for five years. Project supply will commence this year in phases. Additionally, Trom Industries received a Rs 124…
Author: PPD Team Date: 04/04/2025 ACME Solar Holdings has secured a long-term refinancing facility of Rs 24.91 billion for its operational renewable energy portfolio totaling 490 MW across Andhra Pradesh, Rajasthan, and Punjab. The refinancing has been arranged through the State Bank of India and REC Limited, with a tenure ranging from 18 to 20 years. It will be used to restructure existing debt and lower the financing cost to a weighted average interest rate…