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Power Purchase Agreement

MP 2025 Policy: Powering Non-RE States, Upgrading Substations

Madhya Pradesh has set a policy target to invest ₹50,000 crore by 2027 in the renewable energy generation sector. For renewable energy equipment manufacturing, the state plans to invest ₹10,000 crore by 2027 and ₹4,000 crore by 2024. Moreover, the policy intends to incentivize repowering and technology upgrades of renewable energy projects. Additionally, Madhya Pradesh’s […]

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Ladakh: Solar-Hydrogen-Microgrid To Supply Power To Indian Army

Indian power behemoth NTPC and the Indian Army have signed a Power Purchase Agreement (PPA) for the sale of 200 kW renewable energy-RTC (Round The Clock) power from a solar-hydrogen-based microgrid. This project in Chushul (Ladakh) will supply energy for the next 25 years. The agreement was signed by DMR Panda, CGM (NTPC-Hydrogen), and Aditya […]

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Gujarat Fluorochemicals Set To Secure Power From Two Wind Energy Companies

The Gujarat Fluorochemicals Limited(GFL), a chemical, fluoropolymers, fluorochemicals, refrigerants, and specialty chemicals manufacturer board has approved the procurement of power from two wind energy projects. As per the announcement, the Board has approved the slump sale of the power undertaking of its 57 MW captive power plant to IGREL Mahidad Limited, a wholly owned subsidiary […]

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News Briefs- Sungrow’s PowerTitan 2.0 In Greece, Longroad-META Deal, Repowering Wind In Germany

Sungrow’s PowerTitan to Power 105MWh Storage Projects In Greece Sungrow, the world’s leading provider of photovoltaic inverters and energy storage systems, has entered a strategic partnership with KTISTOR Energy for the implementation of its PowerTitan 2.0 liquid-cooled battery energy storage system (BESS) in several key projects in Greece. Four key energy storage projects in northern […]

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BluPine Energy, Suprajit Partner To Procure Solar Power From Karnataka Project

Gurugram-based BluPine Energy recently signed a long-term Power Purchase Agreement (PPA) with Suprajit Engineering to enhance its renewable power supply. Suprajit Automotive Private, the company’s subsidiary, entered into a Shareholders’ Agreement (SHA) with BluPine Energy Private Limited (BluPine) and Solarcraft Power India 26 Private Limited (Solarcraft 26). The company added, “The Share Subscription Agreement (SSA) […]

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O2 Power Signs PPA With Railways To Supply Renewable Power

Indian renewable energy company O2 Power has signed a Power Purchase Agreement (PPA) with East Central Railway (ECR) to supply renewable power. The energy will be sourced from O2 Power’s 360 MW installed capacity spanning Rajasthan, Gujarat, and Karnataka. This aligns with Indian Railways’ efforts to achieve net-zero emissions. Indian Railways has planned to go net-zero […]

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RE100 Firms Added 57 GW Of Renewable Power, Says BNEF Report

A latest report from Bloomberg New Energy Finance (BNEF) has shed light on the transition of clean energy corporations. The report said that clean energy corporations have undergone a significant transition in the Asia-Pacific (APAC). It said that the transition was more significant over the last two decades. The research agency said that these corporations […]

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ACME Sun Power Secures Rs.3,753 Crore Loan From REC For FDRE Projects

ACME Solar Holdings’ subsidiary, ACME Sun Power Private Limited, has secured a Rs. 3,753 crore term loan from REC Limited. This financing is extended to support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in collaboration with SJVN. The Gurugram-based company’s recent project are planned to be located […]

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Powering India’s Net-Zero: Navigating Challenges in Renewable Integration

India’s journey to a net-zero energy future demands an extensive transformation in its power market. As the country intensifies efforts to increase renewable energy (RE) capacity and to realise its 2030 and later net zero goals, numerous challenges—structural, financial, and operational—are emerging, presenting formidable obstacles to integrating a growing share of RE into the national […]

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