News
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European Commission and Moldova agree on strategy for energy resilience
Author: Power Peak Digest Team Pub Date: February 6, 2025 The European Commission (EC) and the Republic of Moldova have agreed on a two-year strategy aimed at strengthening Moldova’s energy independence and resilience. The strategy includes a €250m ($258.7m) financial support package for 2025, implemented in three phases to address both immediate and long-term challenges. The initiative’s primary goal is to reduce Moldova’s reliance on Russian energy supplies and integrate it fully into the European...
Enel North America signs PPA with Meta for Rockhaven wind farm
Author: Power Peak Digest Team Pub Date: February 6, 2025 Enel North America, a unit of Italian energy company Enel, has signed a power purchase agreement (PPA) with Meta for a 115MW portion of the Rockhaven wind farm in Oklahoma. This marks the third collaboration between the two companies. The Rockhaven wind farm, located in Murray and Carter counties, has a total capacity of 140MW. Stephen Pike, head of Enel Green Power North America, emphasized...
Westinghouse proposes SMRs in Italy’s decommissioned nuclear sites
Author: Power Peak Digest Team Pub Date: February 6, 2025 US-based energy company Westinghouse has proposed installing small modular reactors (SMRs) at four decommissioned nuclear sites in Italy, with construction expected to begin by 2030, according to Reuters. The four sites—Caorso, Trino, Latina, and Garigliano—would be repurposed for the deployment of SMRs, in alignment with Italy’s strategic energy shift under Prime Minister Giorgia Meloni’s government, which is considering reviving the nuclear sector. Despite previous referendums...
TenneT signs agreement for offshore farm connection in Netherlands
Author: Power Peak Digest Team Pub Date: February 6, 2025 TenneT has signed a realisation agreement with a consortium of SSE Renewables and pension investor APG, on behalf of pension fund ABP, for the offshore grid connection of the IJmuiden Ver Alpha wind farm, located 60km offshore the Netherlands. This marks the first wind farm to adopt the 2GW direct current (DC) standard, with operations expected to begin by the end of 2029. The agreement...
Guyana approves budget for gas-to-energy projects
Author: Power Peak Digest Team Pub Date: February 6, 2025 Guyana’s Office of The President has confirmed the approval of a $141.45 billion budget, which includes a $51.2 billion investment to enhance gas-to-energy projects. The government has allocated $36.2 billion for the development of a natural gas power plant and a natural gas liquid plant. Prime Minister Mark Phillips reviewed the budget for the Office of the Prime Minister (OPM) and affiliated agencies, and the...
Mitsubishi reviews offshore wind projects in Japan
Author: Power Peak Digest Team Pub Date: February 6, 2025 Mitsubishi Corporation is reassessing its business plans for offshore wind power generation projects in Japan due to changes in the macroeconomic environment caused by the COVID-19 pandemic and the Ukraine crisis. These challenges include inflation, a weaker yen, strained supply chains, and rising interest rates. Through a consortium led by its subsidiary Mitsubishi Corporation Offshore Wind, the company has been developing three offshore wind projects...
Hazoor Multi Projects to invest in solar project in Andhra Pradesh
Author: Power Peak Digest Team Pub Date: February 6, 2025 Hazoor Multi Projects (HMPL) plans to invest Rs 25 billion in a 500 MW solar power project in Prakasam district, Andhra Pradesh. The project will be developed on 2,000 acres, with support from the Andhra Pradesh government through the New & Renewable Energy Development Corporation (NREDCAP), which has requested a detailed project report (DPR) from the company for execution.
RMC Switchgears and Ultracab secure orders for power distribution
Author: Power Peak Digest Team Pub Date: February 6, 2025 RMC Switchgears has received a Rs 1.08 billion work order to develop distribution infrastructure in select districts of Gujarat. The project involves installing 11 kV underground cables and ring main unit (RMU) systems to strengthen the region’s power distribution network. In a separate development, Ultracab (India), a manufacturer of electric wires and cables, has secured an order worth Rs 510.6 million from Maharashtra State Electricity...
Power Ministry plans 83.5 GW thermal power projects by 2032
Author: Power Peak Digest Team Pub Date: February 6, 2025 The Ministry of Power is planning and implementing over 83.50 GW of thermal power projects worth approximately Rs 6.96 trillion to ensure India meets its base load electricity requirements by 2032. According to generation planning studies by the Central Electricity Authority (CEA), India will need 283 GW of installed coal and lignite-based capacity by FY32 under a stressed scenario. To achieve this, the government aims...
Tata Power eyes small modular reactors
Author: Power Peak Digest Team Pub Date: February 6, 2025 Tata Power is exploring small modular nuclear reactors (SMRs) following the government’s decision to allow private investment in the sector. CEO Praveer Sinha said the company is awaiting clarity on liability, technology, foreign partnerships, and fuel sourcing. SMR projects require stringent approvals, taking about 24 months, with construction lasting four to five years. India aims to expand its nuclear capacity from 8 GW to 20...
Stavian Group to invest USD 22 million in battery storage project in Vietnam
Author: Power Peak Digest Team Pub Date: February 5, 2025 Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the Stavian Complex in Hung Yen province, Vietnam. Developed through a joint venture with Juhang Energy Technology (Singapore), the project will cover over 5 hectares and focus on manufacturing energy storage systems, EV charging equipment, and electric cables. The BESS will support grid regulation for renewable projects and industrial...
Amazon and Iberdrola expand renewable energy partnership
Author: Power Peak Digest Team Pub Date: February 5, 2025 Amazon and Iberdrola have added 476 MW to their global renewable energy partnership, expanding into five countries. The new agreements include Amazon’s first PPA in Portugal for 219 MW from the Tâmega Wind Complex, the largest wind farm in Portugal, and additional PPAs in Spain for 257 MW from solar and wind projects. These projects will generate 1,093 GWh of carbon-free electricity annually, enough...
Desert Quartzite solar+storage project achieves operational status
Author: Power Peak Digest Team Pub Date: February 5, 2025 EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California. The project has a solar capacity of 375 MWdc/300 MWac and an energy storage capacity of 150 MWac/4 hours, delivering power to the Clean Power Alliance under a 20-year power purchase agreement. Located on Federal lands managed by the...
NTPC signs PPA with Indian Army for solar-hydrogen microgrid in Ladakh
Author: Power Peak Digest Team Pub Date: February 5, 2025 NTPC Limited has signed a Power Purchase Agreement (PPA) with the Indian Army for the sale of 200 kW round-the-clock renewable energy from a solar-hydrogen-based microgrid in Chushul, Ladakh. The 25-year agreement aims to enhance energy security in remote defence installations and reduce reliance on fuel transportation in challenging terrains. The solar-hydrogen microgrid will replace existing diesel gensets, cutting carbon emissions by 1,500 tonnes annually. ...
Welspun New Energy to invest Rs 135 billion in Odisha’s energy projects
Author: Power Peak Digest Team Pub Date: February 5, 2025 Welspun New Energy has signed a Memorandum of Understanding (MoU) with the Government of Odisha to invest Rs 135 billion in the state’s renewable energy sector. The investment includes plans for a 1,200 MW pumped hydro project and a 1,000 MW floating solar power project. These initiatives aim to boost Odisha’s energy storage capacity and support the integration of renewable energy into the grid, aligning...
Budget 2024-25 allocates funds for key power projects
Author: Power Peak Digest Team Pub Date: February 5, 2025 The Budget 2024-25 has allocated funds for various power projects, including thermal, transmission, and hydro. Rs 2.51 billion is set for the Power Sector Reform Program (Subprogram 1). The Kudankulam Nuclear Power Plant has received Rs 10.19 billion and Rs 8.77 billion for Units 3 and 4, and Rs 19.69 billion and Rs 26.28 billion for Units 5 and 6. Distribution and transmission projects include...
Art-PV secures MNRE grant for tandem solar cell manufacturing plant
Author: Power Peak Digest Team Pub Date: February 5, 2025 Art-PV, incubated at IIT Bombay, has received a USD 10 million grant from the Ministry of New and Renewable Energy (MNRE) to establish a manufacturing plant for high-efficiency tandem solar cells. The company’s innovative tandem cell achieves 29.8 per cent sunlight-to-electricity conversion, surpassing the 23 per cent efficiency of conventional solar cells. This technology combines silicon with cadmium telluride (CdTe) and a perovskite-structured material to...
CESC Group completes acquisition of power distribution in Chandigarh
Author: Power Peak Digest Team Pub Date: February 5, 2025 Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) to acquire 100 per cent equity in a distribution company. As a result, Chandigarh Power Distribution Ltd (CPDL) becomes a step-down subsidiary of CESC Ltd. The deal is valued at Rs 8.71 billion in cash. The acquisition was completed for approximately...
Indus Towers invests in 50 MW captive solar project
Author: Power Peak Digest Team Pub Date: February 5, 2025 Indus Towers Limited (ITL) has signed an agreement with Amplus Energy Solutions Private Limited to set up a 50 MW captive solar photovoltaic (PV) power project in India. As part of the agreement, ITL will invest Rs 270 million to acquire a 26 per cent equity stake in Amplus Tungabhadra Private Limited, the special purpose vehicle (SPV) for the project. The project is expected to...
Lords Mark wins 300 MW rooftop solar project contract from UPNEDA
Author: Power Peak Digest Team Pub Date: February 5, 2025 Lords Mark Industries Private Limited has won a contract from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to set up 300 MW of grid-connected rooftop solar power plants under the Renewable Energy Service Company (RESCO) model. The firm secured the contract at a tariff of Rs 4.8 per kWh. The contract is part of a larger initiative initiated by UPNEDA in July...
Power Bytes
View moreDaily snapshot of key news and trends in the power sector.
Power Sector News Roundup for February 6, 2025
Author: Power Peak Digest Team Pub Date: February 6, 2025 Global: Mitsubishi reviews offshore wind projects in Japan Guyana approves budget for gas-to-energy projects TenneT signs agreement for offshore farm connection in Netherlands Westinghouse proposes SMRs in Italy’s decommissioned nuclear sites Enel North America signs PPA with Meta for Rockhaven wind farm European Commission and Moldova agree on strategy for energy resilience India: Tata Power eyes small modular reactors Tata Power Q3 PAT rises 10%...
Power Sector News Roundup for February 5, 2025
Author: Power Peak Digest Team Pub Date: February 5, 2025 Global: Desert Quartzite solar+storage project achieves operational status Amazon and Iberdrola expand renewable energy partnership Stavian Group to invest USD 22 million in battery storage project in Vietnam India: PGCIL approves investment for Gujarat offshore transmission system projects PGCIL reports Q3 FY25 net profit of Rs 38.61 billion, a 4.15% decline Lords Mark wins 300 MW rooftop solar project contract from UPNEDA Indus Towers invests...
Power Sector News Roundup for February 4, 2025
Author: Power Peak Digest Team Pub Date: February 4, 2025 Global: Yunlin offshore wind farm begins operations, adds 640MW to Taiwan’s grid Global energy transition investment grows 11% to $2.1tn in 2024 Georgia Power submits 2025 integrated resource plan Fidra Energy receives approval for 1.4GW battery storage project in the UK India: Amara Raja Infra and Ganesh Green Bharat win solar contracts Tata Power wins contract for sale of power from Nagda solar project Coal...
Power Sector News Roundup for February 3, 2025
Author: Power Peak Digest Team Pub Date: February 4, 2025 Global: Indonesia plans 4.3GW nuclear power capacity GE Vernova plans $600 million investment in US factories India: Union Cabinet approves National Critical Mineral Mission EIL and POWERGRID sign MoU for energy transition projects CEA issues guidelines for benchmarking operation and maintenance norms for distribution utilities Seftech, Suryam win contracts for solar projects in Maharashtra Torrent Power commissions 300 MW solar project in Gujarat Waaree Energies...
Power Sector News Roundup for January 31, 2025
Author: Power Peak Digest Team Pub Date: February 1, 2025 Global: Enfinity Global expands Texas battery storage with 425 MW projects. On.Energy secures funding for 160 MWh battery storage in Texas. Germany’s wind power shortfall drives up Europe’s energy prices. India: SBWL grants conditional approval for Sharavathi pumped storage project. Odisha signs MoUs with six firms for renewable energy projects. Voltamp Transformers begins construction of new Gujarat plant. Apraava Energy commissions its largest wind project...
Power Sector News Roundup for January 30, 2025
Author: Power Peak Digest Team Pub Date: January 30, 2025 Global: JUWI Renewable to begin construction on solar projects in South Africa Sri Lanka to renegotiate wind PPA with Adani Green Energy Mission 300 Initiative secures over $8bn in funding Ørsted and PGE reach FID for Baltica 2 offshore wind farm in Poland MSIG Asia and The RiskPoint Group partner to enhance APAC RE insurance India: NTPC partners with Energy Dome of Italy for CO2...
Power Sector News Roundup for January 29, 2025
Author: Power Peak Digest Team Pub Date: January 29, 2025 Global: Vena Energy and CIP awarded offtake contract for Taean Wind Project in South Korea Chevron, Engine No.1, GE Vernova to build first U.S. multi-GW power plant, data center EU to provide €30m aid to Moldova for energy crisis relief India: Avaada Group to invest Rs 207 billion in renewable energy projects in Odisha BEE and TERI to establish energy transition centre in Hyderabad Arunachal...
Power Sector News Roundup for January 28, 2025
Author: Power Peak Digest Team Pub Date: January 28, 2025 Global: AI boom drives 58 GW rise in PJM grid demand by 2035 Morocco plans 990 MW gas-fired power plant with $420 million investment Meridiam partners with HAU and EBRD to develop renewable energy in Egypt India: Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects ACME Solar signs PPA with NHPC for 680 MW renewable energy Sunsure Energy signs PPA with SECI...
Power Sector News Roundup for January 27, 2025
Author: Power Peak Digest Team Pub Date: January 28, 2025 Global: NextEra partners with GE Vernova for natural gas-fired project EIA forecasts solar power growth will drive US power generation up to 2027 Italy to finalise strategy for nuclear power reintroduction by 2027 Taean Wind secures fixed-price contract for offshore wind in Korea JA Solar completes 1 GW delivery for Ulan Buh Desert energy base project Sol Systems achieves financial close on $345 million Tilden...
Power Sector News Roundup for January 24, 2025
Author: Power Peak Digest Team Pub Date: January 24, 2025 Global: Technip Energies wins FEED contract for Uniper’s new UK power plant Trump suspends IRA funding, halting clean energy projects CleanMax secures financing to develop solar projects in UAE Uzbekistan’s NEGU targets 76.1 billion TWh electricity transmission in 2025 Waaree Solar Americas starts commercial production of solar modules in Texas Solar power overtakes coal in EU electricity mix in 2024 BII commits $95 million to...
Power Sector News Roundup for January 23, 2025
Author: Power Peak Digest Team Pub Date: January 23, 2025 Global: United Group invests €120m in green electricity production in Bulgaria Mitsubishi completes 1.4GW Hin Kong GTCC power plant in Thailand Mongolia partners with EBRD to boost renewable energy sector Lhyfe and Masdar to develop large-scale green hydrogen projects in Europe Trincomalee Power to develop 50 MW solar project in Sri Lanka Nesma Infrastructure wins contract for Riyadh 380 kV substation Vestas secures turbines order...
Power Sector News Roundup for January 22, 2025
Author: Power Peak Digest Team Pub Date: January 22, 2025 Global: European Energy launches large-scale battery storage project in Denmark Sembcorp inaugurates 588 MW solar project in Oman AboitizPower, UGEP sign solar PPA with Republic Cement in Bulacan India: Advait Energy receives PLI award for alkaline electrolyser TD Power Systems wins Rs 570 million order from NPCIL CtrlS Datacenters to set up 600 MW IT load capacity park in Hyderabad Waaree secures Rs 2.77 billion...
Power Sector News Roundup for January 21, 2025
Author: Power Peak Digest Team Pub Date: January 21, 2025 Global: AFRY secures FEED contract for 1GW Liivi Bay offshore wind farm SEFE and Höegh Evi to develop clean hydrogen supply chains in Europe JA Solar secures deal for Africa’s largest PV-storage project Taiwan cuts Taipower subsidy, raising electricity cost concerns Trump halts new offshore wind leases, calls wind farms ‘big, ugly windmills’ Trump declares ‘national energy emergency,’ reverses policies to ‘drill, baby, drill!’ Indonesia...
Power Sector News Roundup for January 20, 2025
Author: Power Peak Digest Team Pub Date: January 21, 2025 Global: Portugal plans 10GW offshore wind cluster in Atlantic Ocean Plenitude acquires 49% stake in California solar and storage projects India: Six firms submit bids for Dibang Multipurpose Project’s main dam construction IREDA signs joint venture for Upper Karnali hydroelectric project in Nepal IREDA reports Rs 4.25 billion net profit in Q3 FY25, up 26.48% Waaree Renewables posts Rs 0.53 billion net profit in Q3...
Power Sector News Roundup for January 17, 2025
Author: Power Peak Digest Team Pub Date: January 18, 2025 Global: China increases grid investment to support renewable energy surge Westinghouse, KEPCO, and KHNP settle dispute for global nuclear projects Dalia Energy secures $1.5bn financing for new Israeli power plant US Energy Department offers $22.92bn in loans to modernize energy systems World Bank and AfDB unveil $40bn programme for Africa Italy, Albania, and UAE sign €1bn renewable energy cooperation deal LRE and Google sign 700...
Power Sector News Roundup for January 16, 2025
Author: Power Peak Digest Team Pub Date: January 16, 2025 Global: Mirova invests $10 million to fund C&I solar projects in Vietnam Avina Clean Hydrogen completes FEED of ammonia plant in Texas Exide Industries invests Rs 1499.90 million in lithium battery subsidiary EESL China announces plan for space-based solar power generation Vietnam and Russia sign nuclear energy deal CIF capital markets mechanism raises $500m with inaugural bond German energy provider Uniper attracts interest from buyers...
Power Sector News Roundup for January 15, 2025
Author: Power Peak Digest Team Pub Date: January 15, 2025 Global: DOE closes loan guarantee for Montana Renewables’ biofuels expansion KKR and PSP Investments acquire stake in AEP’s transmission assets ENGIE expands Ras Ghareb wind farm in Egypt to 650 MW Innergex starts commercial operation of Boswell Springs wind farm EDF Renewables begins commercial operations at Huck Finn solar project Statera Energy acquires 680 MW BESS project in UK USD 2 billion Thai Binh LNG...
Power Sector News Roundup for January 14, 2025
Author: Power Peak Digest Team Pub Date: January 14, 2025 Global: PPC Renewables orders 100 MW of wind turbines for Greek projects Constellation to acquire Calpine for $16.4bn in cash and stock deal Europe’s wind power growth falls short of 2030 targets GenusPlus secures A$270m contract for Clean Energy Link project in WA Deye unveils Micro Hybrid energy storage system EAAIF commits USD 20 million to CME Solar in Vietnam GE Vernova secures order for...
Power Sector News Roundup for January 13, 2025
Author: Power Peak Digest Team Pub Date: January 13, 2025 Global: Origis Energy secures $415 million financing for Swift Air Solar project in Texas. Virginia Transformer explores sale valued at over $6 billion. UKA places 540 MW wind turbine order for projects in Germany. EWEC initiates bidding for 1,500 MW Zarraf Solar PV project in Abu Dhabi. CEB connects 132 kV Wagawatta substation to Sri Lanka’s national grid. India: CEA proposes regional standing committees for...
Power Sector News Roundup for January 10, 2025
Author: Power Peak Digest Team Pub Date: January 12, 2025 Global: Canadian Solar to supply 2GWh of battery storage for CIP in UK Estuary Power secures financing for Escape solar project in Nevada Exus acquires Lightsource bp’s 130MWp Cibele solar farm in Portugal LS Power acquires Algonquin’s renewable energy business Apex Clean Energy and NYSERDA make REC agreement for Heritage Wind Toshiba secures equipment order for Indonesia’s Patuha geothermal plant Uniper completes sale of 428MW...
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