Author: PPD Team Date: 24/01/2025
CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE.
The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.
Author: PPD Team Date: 19/09/2024 Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks Egypt’s first hybrid solar and battery energy storage system. Scatec will manage the engineering, procurement, and construction, along with asset management, operations, and maintenance services. The company aims to secure concessional financing and expects…
Author: PPD Team Date: 29/11/2024 Ashoka Buildcon Limited has received a Notification of Award (NoA) valued at Rs 1,926.9 million for a power distribution project under Lot-I in Chhindwara, Madhya Pradesh. The project involves the supply, installation, testing, and commissioning of new 11 kV lines, low tension (LT) lines on AB cable, and distribution transformer substations. Additional works include the installation of double poles (DPs), terminal poles (TPs), crossings, and related infrastructure to separate 11…
Author: PPD Team Date: 24/02/2025 A total of five firms have been shortlisted as technically qualified for the selection of transmission service providers (TSP) through the tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis for the Transmission System for Integration of Kurnool-IV Renewable Energy Zone (REZ) – Phase-I (4.5 GW). The shortlisted firms are Power Grid Corporation of India Limited (PGCIL), Resonia Limited (formerly Sterlite Grid 32 Limited), Tata…
Author: PPD Team Date: 29/10/2024 BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent (LoI) for BASF to offtake 100,000 tonnes annually of ammonia produced solely with renewable energy….
Author: PPD Team Date: 30/01/2025 JUWI Renewable Energies will commence construction on three major private solar projects in South Africa, with a combined capacity of 340 MW and investments exceeding $320 million. The projects will serve key players in the mining, data centre, and energy sectors, including Glencore, Teraco, Sasol, and Air Liquide. Together, the projects will generate over 1 million MWh of clean energy annually. The facilities include a 120 MW solar PV plant…
Author: PPD Team Date: 09/12/2024 The Ministry of Environment, Forest, and Climate Change (MoEFCC) recently reviewed and deliberated on the expansion of several major thermal power projects: Raigarh Thermal Power Plant ExpansionAdani Power Limited proposed expanding the Raigarh Thermal Power Plant in Chhattisgarh by adding 1,600 MW (2×800 MW) Ultra Supercritical units to the existing 600 MW plant. The project, spanning several villages in Raigarh district, entails a capital cost of Rs 136 billion, with…