Author: PPD Team Date: 03/12/2024
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan.
The project, awarded by an independent power producer, involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV system.
Author: PPD Team Date: 26/02/2025 Coal India Limited (CIL) and EDF India Private Limited, a wholly owned subsidiary of Électricité de France SA (EDF), signed a Non-Binding Shareholders Agreement (SHA) Term Sheet on February 23, 2025, to form a joint venture. The partnership will focus on developing pumped storage projects (PSP) and other renewable energy projects in India and neighbouring countries. Earlier, EDF also signed a non-binding term sheet with NTPC Limited to collaborate on…
Author: PPD Team Date: 13/11/2024 Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of…
Author: PPD Team Date: 08/11/2024 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 green energy….
Author: PPD Team Date: 22/11/2024 Hyundai Motor India Limited (HMIL) has signed an agreement with Fourth Partner Energy Limited (FPEL) to establish a 75 MW Solar Plant and a 43 MW Wind Power Plant in Tamil Nadu. HMIL has a target for RE100 to transition to 100% renewable electricity across its operations by 2025, it currently sources 63% of its energy from renewables. The project involves an investment of Rs 380 million and will operate…
Author: PPD Team Date: 25/04/2025 The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for…
Author: PPD Team Date: 05/12/2024 US-based Green & Clean Power (GCP) has secured $300 million in debt and equity financing to develop a solar energy generation and battery storage facility in Osceola, Arkansas. The funding includes $165 million in construction debt financing from KfW IPEX-Bank, with market advisory from Aurora Energy Research, and an additional $100 million in takeout financing from the Arkansas Teacher Retirement System (ATRS). The 500-acre solar facility is expected to be…
Author: PPD Team Date: 26/02/2025 Coal India Limited (CIL) and EDF India Private Limited, a wholly owned subsidiary of Électricité de France SA (EDF), signed a Non-Binding Shareholders Agreement (SHA) Term Sheet on February 23, 2025, to form a joint venture. The partnership will focus on developing pumped storage projects (PSP) and other renewable energy projects in India and neighbouring countries. Earlier, EDF also signed a non-binding term sheet with NTPC Limited to collaborate on…
Author: PPD Team Date: 13/11/2024 Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of…
Author: PPD Team Date: 08/11/2024 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 green energy….
Author: PPD Team Date: 22/11/2024 Hyundai Motor India Limited (HMIL) has signed an agreement with Fourth Partner Energy Limited (FPEL) to establish a 75 MW Solar Plant and a 43 MW Wind Power Plant in Tamil Nadu. HMIL has a target for RE100 to transition to 100% renewable electricity across its operations by 2025, it currently sources 63% of its energy from renewables. The project involves an investment of Rs 380 million and will operate…
Author: PPD Team Date: 25/04/2025 The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for…
Author: PPD Team Date: 05/12/2024 US-based Green & Clean Power (GCP) has secured $300 million in debt and equity financing to develop a solar energy generation and battery storage facility in Osceola, Arkansas. The funding includes $165 million in construction debt financing from KfW IPEX-Bank, with market advisory from Aurora Energy Research, and an additional $100 million in takeout financing from the Arkansas Teacher Retirement System (ATRS). The 500-acre solar facility is expected to be…
Author: PPD Team Date: 26/02/2025 Coal India Limited (CIL) and EDF India Private Limited, a wholly owned subsidiary of Électricité de France SA (EDF), signed a Non-Binding Shareholders Agreement (SHA) Term Sheet on February 23, 2025, to form a joint venture. The partnership will focus on developing pumped storage projects (PSP) and other renewable energy projects in India and neighbouring countries. Earlier, EDF also signed a non-binding term sheet with NTPC Limited to collaborate on…
Author: PPD Team Date: 13/11/2024 Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of…