BayWa r.e. sells 517 MW US solar portfolio in largest transaction to date
Author: PPD Team Date: 26/11/2024
Author: PPD Team Date: 26/11/2024
BayWa r.e. has sold three solar projects in the United States, totalling 517 MWDC, to an undisclosed renewable independent power producer (IPP). The deal, finalized in October 2024, represents the largest portfolio sale in BayWa r.e.’s history. The projects are expected to be operational by the end of 2025.
Situated in the PJM (Pennsylvania, New Jersey, Maryland) Interconnection and Midcontinent Independent System Operator (MISO) territories, these projects are contributing to local economies through job creation during construction and generating long-term tax revenue.
BayWa r.e. Americas CEO Fred Robinson emphasized the strategic significance of the sale in addressing the growing demand for renewable energy in the U.S. Legal support for the transaction was provided by Stoel Rives, with Marathon Capital serving as sell-side advisor.
This sale follows BayWa r.e.’s September 2024 transaction in which it sold four UK solar projects, totalling 222 MWp, to Octopus Energy Generation, further reflecting the company’s global renewable energy growth strategy.
Author: PPD Team Date: 31/03/2025 The Ministry of Coal has launched the 12th tranche of commercial coal mine auctions, offering 28 coal and lignite blocks for bidding. The auction includes 25 coal mines under the Coal Mines (Special Provisions) Act, 2015 (CMSP) and 18 under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), along with two lignite mines. Thirteen are fully explored and ready for development, while 12 offer long-term investment opportunities. Mines…
Author: PPD Team Date: 10/06/2025 The Ministry of Mines (MoM) has launched a mining dashboard, a centralised digital platform to monitor the operational status of auctioned mineral blocks and track statutory clearances nationwide. According to the ministry, the dashboard will improve transparency, efficiency, and accountability in the mineral sector. So far, 500 mineral blocks have been auctioned across 16 states, with 64 blocks already operational. The dashboard is expected to act as a real-time monitoring…
Author: PPD Team Date: 13/11/2024 NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year. However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
Author: PPD Team Date: 20/01/2025 NHPC Limited invited bids for Lot-3: Main Dam including Coffer Dam of the Dibang Multipurpose Project in December 2024. Six firms—APS Enterprises, Larsen and Toubro Limited (L&T), NCC Limited, Patel Engineering Limited (PEL), Rithwik Projects Private Limited, and Hindustan Construction Company Limited (HCC)—submitted bids. The project will develop 12 units of 240 MW each (2,880 MW) on the Dibang River in the Lower Dibang Valley district, Arunachal Pradesh, at an…
Author: PPD Team Date: 10/01/2025 Uniper has completed the sale of its 428MW Gönyű gas-fired power plant in Hungary to French utility Veolia. The financial terms were not disclosed. The transaction transferred 100% of Uniper Hungary Energetikai’s shares to Veolia Invest Hungary, an affiliate of Veolia, following a February 2024 agreement. The Gönyű plant, operational since 2011, was refurbished in 2017 and 2021. Veolia’s acquisition expands its portfolio to 2.4 GW, enough to power 2.6…
Author: PPD Team Date: 17/01/2025 Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual property dispute. This settlement clears the way for the companies to jointly deploy new nuclear reactors worldwide. The resolution ensures that both Westinghouse and the Korean entities can proceed with confidence in the global nuclear power sector. Westinghouse President and CEO Patrick…
Author: PPD Team Date: 31/03/2025 The Ministry of Coal has launched the 12th tranche of commercial coal mine auctions, offering 28 coal and lignite blocks for bidding. The auction includes 25 coal mines under the Coal Mines (Special Provisions) Act, 2015 (CMSP) and 18 under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), along with two lignite mines. Thirteen are fully explored and ready for development, while 12 offer long-term investment opportunities. Mines…
Author: PPD Team Date: 10/06/2025 The Ministry of Mines (MoM) has launched a mining dashboard, a centralised digital platform to monitor the operational status of auctioned mineral blocks and track statutory clearances nationwide. According to the ministry, the dashboard will improve transparency, efficiency, and accountability in the mineral sector. So far, 500 mineral blocks have been auctioned across 16 states, with 64 blocks already operational. The dashboard is expected to act as a real-time monitoring…
Author: PPD Team Date: 13/11/2024 NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year. However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
Author: PPD Team Date: 20/01/2025 NHPC Limited invited bids for Lot-3: Main Dam including Coffer Dam of the Dibang Multipurpose Project in December 2024. Six firms—APS Enterprises, Larsen and Toubro Limited (L&T), NCC Limited, Patel Engineering Limited (PEL), Rithwik Projects Private Limited, and Hindustan Construction Company Limited (HCC)—submitted bids. The project will develop 12 units of 240 MW each (2,880 MW) on the Dibang River in the Lower Dibang Valley district, Arunachal Pradesh, at an…
Author: PPD Team Date: 10/01/2025 Uniper has completed the sale of its 428MW Gönyű gas-fired power plant in Hungary to French utility Veolia. The financial terms were not disclosed. The transaction transferred 100% of Uniper Hungary Energetikai’s shares to Veolia Invest Hungary, an affiliate of Veolia, following a February 2024 agreement. The Gönyű plant, operational since 2011, was refurbished in 2017 and 2021. Veolia’s acquisition expands its portfolio to 2.4 GW, enough to power 2.6…
Author: PPD Team Date: 17/01/2025 Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual property dispute. This settlement clears the way for the companies to jointly deploy new nuclear reactors worldwide. The resolution ensures that both Westinghouse and the Korean entities can proceed with confidence in the global nuclear power sector. Westinghouse President and CEO Patrick…
Author: PPD Team Date: 31/03/2025 The Ministry of Coal has launched the 12th tranche of commercial coal mine auctions, offering 28 coal and lignite blocks for bidding. The auction includes 25 coal mines under the Coal Mines (Special Provisions) Act, 2015 (CMSP) and 18 under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), along with two lignite mines. Thirteen are fully explored and ready for development, while 12 offer long-term investment opportunities. Mines…
Author: PPD Team Date: 10/06/2025 The Ministry of Mines (MoM) has launched a mining dashboard, a centralised digital platform to monitor the operational status of auctioned mineral blocks and track statutory clearances nationwide. According to the ministry, the dashboard will improve transparency, efficiency, and accountability in the mineral sector. So far, 500 mineral blocks have been auctioned across 16 states, with 64 blocks already operational. The dashboard is expected to act as a real-time monitoring…