Author: PPD Team Date: 22/01/2025
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: 13/02/2025 India’s solar photovoltaic (PV) module exports have seen significant growth, reaching $1.97 billion in fiscal 2023-24, up from $83 million in fiscal 2021-22. From April to November 2024, exports totalled approximately $782 million, as reported by the Minister of State for New & Renewable Energy, Shripad Yesso Naik, in parliament. The United States remains the largest destination for India’s solar PV modules, with its share of U.S. imports rising from…
Author: PPD Team Date: 14/11/2024 The Minns Labor Government in New South Wales (NSW), Australia, has approved the A$4.8 billion ($3.12 billion) Humelink transmission project, a 365 km infrastructure line designed to deliver renewable energy across southern NSW. Pending final approval from the Commonwealth Government, construction is set to commence this year, with completion targeted by 2027. The Humelink project is expected to create 1,600 construction jobs and contribute A$6.3 billion in direct and indirect…
Author: PPD Team Date: 06/11/2024 Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary. This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various generation sources. The North Plains Connector, linking the Midcontinent Independent System Operator, Western Interconnection, and…
Author: PPD Team Date: 19/12/2024 Inox Wind Limited has secured a contract from Serentica Renewables India Private Limited (SRIPL) to supply 3 MW-class Wind Turbine Generators (WTGs) for a 60 MW wind power project. The project is part of a wind-solar hybrid development in Karnataka. Awarded on December 18, 2024, the contract includes equipment supply and multi-year Operations and Maintenance (O&M) services post-commissioning. The WTGs are scheduled for delivery by June 2025.
Author: PPD Team Date: 11/12/2024 California Resources Corporation (CRC), its carbon management arm Carbon TerraVault (CTV), and Net Power have signed a memorandum of understanding (MoU) to advance low-carbon energy solutions in California. The collaboration aims to integrate Net Power’s ultra-low emission power plants with CTV’s carbon capture and storage (CCS) infrastructure. The partnership will conduct feasibility studies to assess placing Net Power’s modular plants near CTV’s underground storage sites. This is expected to cut…
Author: PPD Team Date: 17/10/2024 Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited. Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.