Author: PPD Team Date: 03/12/2024
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Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects
Author: PPD Team Date: 18/12/2024 The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU worth Rs…
AI boom drives 58 GW rise in PJM grid demand by 2035
Author: PPD Team Date: 28/01/2025 The US’s largest electricity grid, managed by PJM Interconnection, anticipates a 58 GW surge in peak summer demand by 2035, reaching 210 GW due to the AI boom, according to Bloomberg. Data centres critical for AI operations drive rapid power consumption, potentially straining the current grid infrastructure. At the World Economic Forum in Davos in January 2025, US President Donald Trump stressed the need for power plants to accompany data…
US BOEM releases final EIS for SouthCoast Wind Project
Author: PPD Team Date: 12/11/2024 The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes. The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s…
Dalmia Bharat subsidiary acquires 34.52% stake in solar power firm
Author: PPD Team Date: 10/03/2025 Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has signed an agreement to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. The acquisition, valued at Rs 30 million, will help DCBL source up to 10 MW of solar power as a captive consumer in Tamil Nadu. The solar power generated under this arrangement will be eligible for captive consumer status…
Madhya Pradesh clears solar and storage projects, shared supply with Uttar Pradesh
Author: PPD Team Date: 01/05/2025 The Madhya Pradesh cabinet has approved a 2,000 MW solar park and a 1,000 MW energy storage project to enable seasonal power sharing with Uttar Pradesh. Electricity will be supplied to Madhya Pradesh during its Rabi season (October–March) and to Uttar Pradesh during the Kharif season (April–September), aligning with each state’s peak agricultural demand. Madhya Pradesh’s farm electricity needs account for 41% of its total consumption, peaking during Rabi, while…
Asia to spend over USD 20bn on EVs: Report
Author: PPD Team Date: 04/11/2024 Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years. Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global Ratings credit…
Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects
Author: PPD Team Date: 18/12/2024 The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU worth Rs…
AI boom drives 58 GW rise in PJM grid demand by 2035
Author: PPD Team Date: 28/01/2025 The US’s largest electricity grid, managed by PJM Interconnection, anticipates a 58 GW surge in peak summer demand by 2035, reaching 210 GW due to the AI boom, according to Bloomberg. Data centres critical for AI operations drive rapid power consumption, potentially straining the current grid infrastructure. At the World Economic Forum in Davos in January 2025, US President Donald Trump stressed the need for power plants to accompany data…
US BOEM releases final EIS for SouthCoast Wind Project
Author: PPD Team Date: 12/11/2024 The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes. The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s…
Dalmia Bharat subsidiary acquires 34.52% stake in solar power firm
Author: PPD Team Date: 10/03/2025 Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has signed an agreement to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. The acquisition, valued at Rs 30 million, will help DCBL source up to 10 MW of solar power as a captive consumer in Tamil Nadu. The solar power generated under this arrangement will be eligible for captive consumer status…
Madhya Pradesh clears solar and storage projects, shared supply with Uttar Pradesh
Author: PPD Team Date: 01/05/2025 The Madhya Pradesh cabinet has approved a 2,000 MW solar park and a 1,000 MW energy storage project to enable seasonal power sharing with Uttar Pradesh. Electricity will be supplied to Madhya Pradesh during its Rabi season (October–March) and to Uttar Pradesh during the Kharif season (April–September), aligning with each state’s peak agricultural demand. Madhya Pradesh’s farm electricity needs account for 41% of its total consumption, peaking during Rabi, while…
Asia to spend over USD 20bn on EVs: Report
Author: PPD Team Date: 04/11/2024 Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years. Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global Ratings credit…
Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects
Author: PPD Team Date: 18/12/2024 The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU worth Rs…
AI boom drives 58 GW rise in PJM grid demand by 2035
Author: PPD Team Date: 28/01/2025 The US’s largest electricity grid, managed by PJM Interconnection, anticipates a 58 GW surge in peak summer demand by 2035, reaching 210 GW due to the AI boom, according to Bloomberg. Data centres critical for AI operations drive rapid power consumption, potentially straining the current grid infrastructure. At the World Economic Forum in Davos in January 2025, US President Donald Trump stressed the need for power plants to accompany data…