Author: PPD Team Date: 22/01/2025
Advait Energy Transitions (formerly Advait Infratec) has secured a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) under the Product Linked Incentive (PLI) scheme, part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) initiative (Tranche II).
The company will establish a 200 MW manufacturing capacity for alkaline electrolysers in India. The project is expected to be completed within five years.
Author: PPD Team Date: 26/12/2024 The Central Government has laid the foundation stone for three hydroelectric projects (HEPs) in Himachal Pradesh. These projects are: Luhri Hydro Electric Project Stage I: This project involves constructing an 86 m high concrete gravity dam across the Satluj river near Nirath village. It will generate 210 MW of hydro power at an estimated cost of Rs 18.10 billion. Sunni Dam Hydro Electric Project: A Run-of-River (RoR) scheme on the…
Author: PPD Team Date: 15/05/2025 Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead arrangers, issuing banks, and hedging providers. BNP Paribas also took on the role of green…
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 08/01/2025 PFC Consulting Limited (PFCCL) incorporated Anantapur II REZ Transmission Limited, a special purpose vehicle (SPV) for developing the Transmission System for integration of Anantapur-II REZ (Phase-I: 4.5 GW), on January 7, 2025. PFCCL has also been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 02/01/2025 The Egyptian Electricity Transmission Company (EETC) has allocated EGP 7.6 billion for the fiscal year 2023-24, focusing on upgrading, modernizing, and expanding its high-voltage and ultra-high voltage systems. This investment covers the development of new stations, cables, transmission lines, and upgrades to regional control centres, including Cairo’s and the newly operational National Control Center in the New Administrative Capital. The company aims to complete ongoing projects, enhance network facilities, and…
Author: PPD Team Date: 07/01/2025 The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit. Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to hydrogen producers, including those using electricity (renewable, nuclear), methane reforming with carbon capture (blue hydrogen),…
Author: PPD Team Date: 26/12/2024 The Central Government has laid the foundation stone for three hydroelectric projects (HEPs) in Himachal Pradesh. These projects are: Luhri Hydro Electric Project Stage I: This project involves constructing an 86 m high concrete gravity dam across the Satluj river near Nirath village. It will generate 210 MW of hydro power at an estimated cost of Rs 18.10 billion. Sunni Dam Hydro Electric Project: A Run-of-River (RoR) scheme on the…
Author: PPD Team Date: 15/05/2025 Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead arrangers, issuing banks, and hedging providers. BNP Paribas also took on the role of green…
Author: PPD Team Date: 25/04/2025 Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of the deal, Sunflag will invest Rs 57.25 million to acquire a 26 per cent equity…
Author: PPD Team Date: 08/01/2025 PFC Consulting Limited (PFCCL) incorporated Anantapur II REZ Transmission Limited, a special purpose vehicle (SPV) for developing the Transmission System for integration of Anantapur-II REZ (Phase-I: 4.5 GW), on January 7, 2025. PFCCL has also been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 02/01/2025 The Egyptian Electricity Transmission Company (EETC) has allocated EGP 7.6 billion for the fiscal year 2023-24, focusing on upgrading, modernizing, and expanding its high-voltage and ultra-high voltage systems. This investment covers the development of new stations, cables, transmission lines, and upgrades to regional control centres, including Cairo’s and the newly operational National Control Center in the New Administrative Capital. The company aims to complete ongoing projects, enhance network facilities, and…
Author: PPD Team Date: 07/01/2025 The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit. Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to hydrogen producers, including those using electricity (renewable, nuclear), methane reforming with carbon capture (blue hydrogen),…
Author: PPD Team Date: 26/12/2024 The Central Government has laid the foundation stone for three hydroelectric projects (HEPs) in Himachal Pradesh. These projects are: Luhri Hydro Electric Project Stage I: This project involves constructing an 86 m high concrete gravity dam across the Satluj river near Nirath village. It will generate 210 MW of hydro power at an estimated cost of Rs 18.10 billion. Sunni Dam Hydro Electric Project: A Run-of-River (RoR) scheme on the…
Author: PPD Team Date: 15/05/2025 Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead arrangers, issuing banks, and hedging providers. BNP Paribas also took on the role of green…