Avista to acquire 10% stake in 3 GW North Plains Connector transmission project
Author: PPD Team Date: November 6, 2024
Author: PPD Team Date: November 6, 2024
Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary.
This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various generation sources.
The North Plains Connector, linking the Midcontinent Independent System Operator, Western Interconnection, and Southwest Power Pool, will enhance grid flexibility and resource sharing across time zones. This project is expected to address grid congestion and improve market access for utilities, benefiting from a conditional $700 million GRIP award from the US Department of Energy.
As part of the NPC II consortium, Avista secures 300 MW of transfer capacity, offering broader access to renewable energy sources. Avista CEO Dennis Vermillion emphasized the project’s alignment with Avista’s priorities, providing increased market access and resource diversity to strengthen the grid.
The project remains on track for a 2032 operational launch, progressing through the NEPA permitting process after receiving the GRIP grant. In partnership with Hitachi Energy, Grid United will utilize HVDC technology to support the project’s goals.
Author: PPD Team Date: December 11, 2024 JSW Renew Energy Thirty Two Limited, a subsidiary of JSW Energy Limited (JSWEL), has signed a definitive agreement with DCM Shriram Limited to establish a 68 MW wind-solar hybrid power project in Kota, Rajasthan. The project will supply renewable energy to DCM Shriram, replacing the power currently procured from its 40 MW thermal power project. Additionally, the Board of Directors of DCM Shriram has approved an equity investment…
Author: PPD Team Date: September 26, 2025 Iran’s Atomic Energy Organisation (AEOI) and Russia’s Rosatom have signed a memorandum of understanding (MOU) to cooperate on small modular reactors (SMRs) in Iran. The agreement was signed in Moscow by AEOI head Mohammad Eslami and Rosatom Director General Alexey Likhachev during Rosatom’s World Atomic Week. The MOU aims to expand collaboration in peaceful nuclear energy, supporting sustainable development, energy security, and technological progress under national and international…
Author: PPD Team Date: October 29, 2025 Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Private Limited and a wholly owned arm of ONGC NTPC Green Private Limited, has commissioned 9.9 MW of wind power capacity in Bhuj, Gujarat. This addition forms part of a larger 92.4 MW wind project and reflects the company’s ongoing efforts to expand its renewable energy footprint across India. The newly commissioned capacity contributes to the…
Author: PPD Team Date: July 2, 2025 Inox Neo Energies Private Limited, a subsidiary of Inox Wind Limited, has acquired Skypower Solar India Private Limited. The deal adds a 50 MW alternating current (AC) / 57.5 MW peak direct current (DC) solar project to Inox’s growing renewable energy portfolio. The total enterprise value of the transaction is approximately Rs 2.65 billion. The project is located in the Khandwa district of Madhya Pradesh. It was commissioned…
Author: PPD Team Date: December 11, 2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue…
Author: PPD Team Date: November 11, 2025 Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3% from Rs 40.38 billion a year earlier. Total income rose 10.8% to Rs 151.53 billion, compared with Rs 136.82 billion in the same quarter last year. SJVN Limited…