Author: PPD Team Date: 11/03/2025
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Hero Future to invest Rs 110 billion in Karnataka
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Plenitude begins construction of 220 MW solar plant in Salamanca, Spain
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PGCIL commissions NERSS-XII project
Author: PPD Team Date: 25/11/2024 Power Grid Corporation of India Limited (PGCIL) has commissioned the North Eastern Region Strengthening Scheme-XII (NERSS-XII) project, effective 2 November 2024. The notification for commercial operation was received on 23 November 2024. NERSS-XII is an interstate transmission scheme aimed at enhancing the power infrastructure in India’s North-East region. PGCIL developed the project for Rs 5.76 billion.
World Bank and AfDB unveil $40bn programme for Africa
Author: PPD Team Date: 17/01/2025 The World Bank and African Development Bank (AfDB) have outlined terms for African countries to secure $40bn in power finance under the Mission 300 programme. This initiative seeks to provide electricity access to 300 million Africans by 2030, Bloomberg reports. Currently, sub-Saharan Africa’s electricity access ranges from 1% in South Sudan to 94% in South Africa, per the International Energy Agency. Mission 300 aims to connect half the population through…
Mitsubishi Electric invests $86 million in US switchgear production
Author: PPD Team Date: 30/10/2024 Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities. MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas circuit breakers, with a focus on vacuum circuit breakers as production scales. Once fully operational,…
Hero Future to invest Rs 110 billion in Karnataka
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Plenitude begins construction of 220 MW solar plant in Salamanca, Spain
Author: PPD Team Date: 18/10/2024 Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with…
India’s renewable energy capacity to grow at double the rate of overall energy capacity by 2030: CRISIL
Author: PPD Team Date: 18/10/2024 According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030. This growth rate is double that of the country’s overall power capacity, which is projected to grow by 7.5%-8%, increasing from 442 GW in March 2024. India’s renewable energy capacity, including large hydro projects, stood at…
PGCIL commissions NERSS-XII project
Author: PPD Team Date: 25/11/2024 Power Grid Corporation of India Limited (PGCIL) has commissioned the North Eastern Region Strengthening Scheme-XII (NERSS-XII) project, effective 2 November 2024. The notification for commercial operation was received on 23 November 2024. NERSS-XII is an interstate transmission scheme aimed at enhancing the power infrastructure in India’s North-East region. PGCIL developed the project for Rs 5.76 billion.
World Bank and AfDB unveil $40bn programme for Africa
Author: PPD Team Date: 17/01/2025 The World Bank and African Development Bank (AfDB) have outlined terms for African countries to secure $40bn in power finance under the Mission 300 programme. This initiative seeks to provide electricity access to 300 million Africans by 2030, Bloomberg reports. Currently, sub-Saharan Africa’s electricity access ranges from 1% in South Sudan to 94% in South Africa, per the International Energy Agency. Mission 300 aims to connect half the population through…
Mitsubishi Electric invests $86 million in US switchgear production
Author: PPD Team Date: 30/10/2024 Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities. MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas circuit breakers, with a focus on vacuum circuit breakers as production scales. Once fully operational,…
Hero Future to invest Rs 110 billion in Karnataka
Author: PPD Team Date: 02/12/2024 Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years. The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs….
Plenitude begins construction of 220 MW solar plant in Salamanca, Spain
Author: PPD Team Date: 18/10/2024 Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with…