Author: PPD Team Date: January 22, 2025
Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has received a Letter of Intent (LoI) to develop a 105 MWp solar power project on an engineering, procurement, and construction (EPC) basis in India.
The LoI, valued at Rs 2,772 million, was awarded on January 20, 2025. The project is scheduled for completion in the financial year 2026.
Author: PPD Team Date: January 17, 2025 Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received orders to develop 62.2 MW of solar power projects under the captive power producer (CPP) business segment. The projects are aligned with the distributed renewable energy bilateral purchase policy and the Gujarat Renewable Energy Policy 2023. They are set to be completed in phases by the financial year 2025-26 as per the agreements.
Author: PPD Team Date: March 28, 2025 India’s transition to clean energy and sustainable financing gained momentum today with three significant developments across the solar, electric vehicle (EV), and renewable power sectors. Luminous Power Technologies partnered with the State Bank of India (SBI) to enhance solar financing access, Shriram Finance Limited secured a $150 million loan from the Asian Development Bank (ADB) to expand EV financing, and Oil and Natural Gas Corporation Limited (ONGC) committed…
Author: PPD Team Date: November 12, 2024 Boralex Inc. and Saint-Gobain have signed a 20-year renewable power purchase agreement (PPA) in France, covering three power plants that will supply renewable electricity to Saint-Gobain’s industrial sites. The agreement includes two solar parks and one wind farm, set to commence operations between Q1 2026 and Q1 2027. These facilities are expected to generate approximately 110 GWh annually, meeting the electricity needs of over 50,000 residents and fulfilling…
Author: PPD Team Date: September 15, 2025 India’s non-fossil fuel power generation capacity has reached 250 gigawatts (GW) in 2025, rising from 81 GW in 2014, according to Union Minister for New and Renewable Energy Pralhad Joshi. Joshi stated that India’s installed non-fossil capacity has grown more than three times over the past decade. He said the expansion reflects steady progress across renewable and clean energy sources. The minister noted that the 250 GW capacity…
Author: PPD Team Date: December 5, 2025 BNC Power Projects Limited has received three contracts from NTPC for the switchyard package of the 2×800 MW Gadarwara super thermal power project, stage II in Madhya Pradesh. The combined value is about Rs 4.06 billion. The first order is valued at Rs 1.09 billion and covers ex works supply of equipment, materials, and mandatory spares. The second order is priced at Rs 743 million and includes inland…
Author: PPD Team Date: December 31, 2024 Power Mech Projects Limited has secured a Rs 1.86 billion contract from Jaiprakash Power Ventures Limited (JPVL) to provide operation and maintenance (O&M) services for the 2×660 MW Jaypee Nigrie super thermal power plant in Madhya Pradesh. The contract covers five years, with a first-year value of Rs 31 million per month. From January 2026, a monthly price escalation will apply based on the wholesale price index.