Author: PPD Team Date: December 27, 2024
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Author: PPD Team Date: December 4, 2024 Portland General Electric (PGE) has entered a power purchase agreement (PPA) with Avangrid, a member of the Iberdrola Group, to procure power from the 120 MWac (166 MWdc) Tower Solar project in Morrow County, Oregon. Scheduled for completion in 2026, Tower Solar will be Avangrid’s sixth solar facility and 17th power generation project in Oregon, where the company operates 1.6 GW of wind and solar capacity. The project…
Author: PPD Team Date: October 23, 2024 Siemens has introduced SIMOCODE M-CP, an advanced motor management product series designed specifically for motor control centres (MCC). The SIMOCODE M-CP expands Siemens’ existing portfolio with compact, future-proof technology optimized for MCCs across various industries, including chemicals, infrastructure, mining, and water management. Key Features of SIMOCODE M-CP: Compact and Flexible Design: The device is optimized for withdrawable units in switchboards, offering both front panel and DIN rail mounting…
Author: PPD Team Date: October 24, 2024 Schneider Electric has unveiled “Miluz ZeTa,” its latest range of switches, sockets, and home connectivity solutions in the Indian market. The Miluz ZeTa collection features innovations like a patented space-saving switch socket, an Air Quality Indicator (AQI), and a Voltage Surge Protector (VSP). Compatible with the Schneider Electric Wiser system, the range facilitates seamless energy management and smart home integration. The Miluz ZeTa range, which recently won an…
Author: PPD Team Date: November 7, 2024 Apollo Green Energy Limited (AGEL), part of Apollo International Group, has announced plans to build a Rs 100 billion project portfolio by 2025. Currently, its order book stands at Rs 35 billion, with active solar projects valued at Rs 25 billion under development across India. AGEL is preparing for a public listing in 2025 to support its expansion in renewable energy. The company reported significant revenue growth from…
Author: PPD Team Date: November 4, 2024 Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026. The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These projects join last year’s 20-year tolling agreement for the 1,200MWh Papago Storage project,…
Author: PPD Team Date: November 27, 2024 The New South Wales (NSW) government has approved the A$1bn ($647m) Mt Piper Battery Energy Storage System (BESS) project by EnergyAustralia. With a capacity of 500MW/2,000MWh, the facility will store surplus grid energy during low-demand periods and release it when demand is high. EnergyAustralia will invest up to A$2m ($1.2m) in Lithgow City through a voluntary planning agreement. The project is expected to create 177 jobs during its…