ACWA Power to develop 800 MW solar + battery storage project in Morocco
Author: PPD Team Date: August 11, 2025
Author: PPD Team Date: August 11, 2025
ACWA Power has won contracts to build and operate two solar photovoltaic (PV) projects in Morocco, Noor Midelt II and Noor Midelt III, each with a capacity of 400 MW.
Both projects will include battery energy storage systems, providing a combined storage capacity of 602 megawatt-hours (MWh). The storage systems can deliver 230 MW for two hours.
These projects will be executed under a build-own-operate model and backed by a 30-year power purchase agreement with the Moroccan Agency for Sustainable Energy.
Author: PPD Team Date: October 18, 2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped…
Author: PPD Team Date: January 14, 2025 The Government of Himachal Pradesh has urged the Government of India to adopt a 90:10 funding formula or provide a 50-year interest-free loan to finance the Kishau Multi-Purpose Project. The project, estimated at Rs 115.5 billion, will be developed by Kishau Corporation Limited, a joint venture between the Governments of Himachal Pradesh and Uttarakhand. It is located on the Tons River, a major Yamuna tributary, at the border…
Author: PPD Team Date: November 19, 2025 Jakson Group has started construction on the first phase of its 6 GW integrated solar manufacturing facility in Madhya Pradesh. Chief Minister Dr Mohan Yadav laid the foundation stone for the project, which will cover ingot, wafer, cell, and module production. The first phase will include 3 GW of solar cell capacity and 4 GW of solar module capacity. The company plans to add ingot and wafer lines…
Author: PPD Team Date: August 13, 2025 The Central Electricity Regulatory Commission (CERC) will hold a public hearing on 18 August 2025 to discuss the Draft Power Market (First Amendment) Regulations, 2025, and the Draft Guidelines for Virtual Power Purchase Agreements (VPPA). According to the public notice issued on 6 August 2025, the hearing will be conducted online. The session on the draft amendment to the Power Market Regulations will begin at 11:00 a.m., followed…
Author: PPD Team Date: December 19, 2024 The Central Government has initiated the development of 4,000 MW solar power projects in Rajasthan, with the foundation stone laid on December 17, 2024. The projects include: Pugal Solar Project (2,450 MW): Phase-I and Phase-II (1,000 MW each): Located in Soorasar village, Pugal tehsil, Bikaner. Phase-III (450 MW): Located in Sardarpura village, Chhatargarh tehsil, Bikaner. Developed by Rajasthan Solarpark Development Company Limited (RSDCL), a subsidiary of Rajasthan Renewable…
Author: PPD Team Date: January 22, 2025 Sembcorp Industries has inaugurated the 588 MW Manah 2 Solar Independent Power Project in Manah, Oman, marking its first greenfield renewables development in the Middle East. Backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company, the project began commercial operations on December 30, 2024, following successful acceptance tests. Spanning 6.8 million square meters in the Ad Dakhiliyah region, the project employs…