Author: PPD Team Date: November 5, 2024
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year.
Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: August 11, 2025 Akaysha Energy has brought the first 350 MW / 700 MWh of the Waratah Super Battery online. Commissioned by the New South Wales (NSW) Government and developed by Akaysha Energy, the facility is intended to act as a shock absorber for the state’s electricity grid during events such as heatwaves, lightning strikes and bushfires. The battery is located at the site of the former Munmorah coal-fired power station,…
Author: PPD Team Date: December 3, 2024 Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of 24 turbines, began operations in December 2023 and marked RPC’s entry into the…
Author: PPD Team Date: November 22, 2024 National Grid Renewables has started construction on the 100MW Apple River Solar project in Polk County, Wisconsin. Scheduled to commence operations in late 2025, the project will generate clean energy sufficient to power approximately 26,000 homes annually. The solar farm will use First Solar Series 6 Plus bifacial modules. Construction is being handled by The Boldt Company, creating 150 jobs. Once operational, Apple River will supply power to…
Author: PPD Team Date: October 24, 2024 Dominion Energy has completed the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak, an alternative investment firm. This transaction, first announced in February 2024, has provided Dominion Energy with $2.6 billion in proceeds, approximately half of the capital investment made in the project so far. Stonepeak will also finance half of the remaining project costs, following pre-disclosed conditions. Dominion…
Author: PPD Team Date: November 8, 2024 RWE has commenced work on the Thor offshore wind farm project, Denmark’s largest offshore wind initiative to date, establishing key operational and construction bases at the Port of Thorsminde and Thyborøn Port. The Thor wind farm, located 22 kilometers off the west coast of Jutland in the Danish North Sea, will have a capacity exceeding 1 GW and is expected to power over one million Danish households with…
Author: PPD Team Date: December 19, 2024 The US Department of Energy (DoE) has provided a conditional commitment for a $15 billion loan to California-based electric utility PG&E. If finalized by the DoE’s Loan Programs Office (LPO), the loan will support multiple energy projects in California and strengthen the state’s energy infrastructure, helping achieve both federal and state climate goals. The upgrades will include advanced sensors, telemetry, and controls to support two-way power flow, enhancing…